Baker Hughes (BKR) Revenue — Quarter Ended Dec 31, 2023
Revenue for the quarter increased compared with the prior quarter. It also rose versus the same quarter a year ago.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue for the quarter increased compared with the prior quarter. It also rose versus the same quarter a year ago.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$6.8B
Revenue reported for this quarter.
Quarter-over-quarter
+2.9%
Change from the immediately preceding quarter.
Year-over-year
+15.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$25.5B
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 |
|---|---|---|
| Mar 31, 2023 | $5.7B | +18.2% |
| Jun 30, 2023 | $6.3B | +25.1% |
| Sep 30, 2023 | $6.6B | +23.7% |
| Dec 31, 2023 | $6.8B | +15.7% |
Revenue performance
The reported revenue moved upward, building on the prior quarter's level and extending the year-over-year growth trajectory.
Quarterly comparison
Compared with the immediately preceding quarter, revenue increased. Versus the same quarter one year earlier, revenue also increased.
What to watch
Filing context noted cash held outside the U.S. and in countries with currency controls; monitor any impact on liquidity allocation.