Agilent Technologies (A) Revenue — Quarter Ended Jul 31, 2023
Revenue for the quarter declined compared with both the immediately preceding quarter and the same quarter one year earlier. The decrease was driven by lower product revenue, while services and other revenue showed a modest increase.
Key takeaway
Quarter ended Jul 31, 2023 · FY2023 Q3
Revenue for the quarter declined compared with both the immediately preceding quarter and the same quarter one year earlier. The decrease was driven by lower product revenue, while services and other revenue showed a modest increase.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.7B
Revenue reported for this quarter.
Quarter-over-quarter
-2.6%
Change from the immediately preceding quarter.
Year-over-year
-2.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$7B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Oct 31, 2022 | $1.8B | +11.4% |
| Jan 31, 2023 | $1.8B | +4.9% |
| Apr 30, 2023 | $1.7B | +6.8% |
| Jul 31, 2023 | $1.7B | -2.7% |
Revenue performance
Total net revenue fell from the prior quarter and from the same quarter last year. Product revenue declined, while services and other revenue increased slightly.
Quarterly comparison
Compared with the preceding quarter, revenue was lower. Compared with the same quarter one year earlier, revenue also decreased, reflecting a similar magnitude of decline.
What to watch
Cost of products increased substantially relative to the prior year period, which compressed operating margins.