Centene (CNC) Revenue — Quarter Ended Mar 31, 2023
Revenue increased for the quarter compared to both the immediately preceding quarter and the same quarter one year ago. The sequential growth reflects a continuation of the upward trend from the prior period.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue increased for the quarter compared to both the immediately preceding quarter and the same quarter one year ago. The sequential growth reflects a continuation of the upward trend from the prior period.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$35B
Revenue reported for this quarter.
Quarter-over-quarter
+4.2%
Change from the immediately preceding quarter.
Year-over-year
+2.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$136.2B
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 |
|---|---|---|
| Jun 30, 2022 | $34B | +17.7% |
| Sep 30, 2022 | $33.7B | +10.5% |
| Dec 31, 2022 | $33.6B | +10.0% |
| Mar 31, 2023 | $35B | +2.1% |
Revenue performance
The reported revenue represents an improvement over the prior quarter. The company's top line also grew compared to the same period last year.
Quarterly comparison
Sequentially, revenue rose from the preceding quarter. On a year-over-year basis, revenue was higher than the corresponding quarter in the prior year.
What to watch
The pace of year-over-year revenue growth has moderated over the recent quarters, as the percentage increase narrowed from earlier periods.