Cencora (COR) Revenue — Quarter Ended Dec 31, 2023
Revenue for the quarter increased from the immediately preceding quarter and from the same quarter one year earlier. The growth rate was consistent with the upward trend observed over recent quarters.
Key takeaway
Quarter ended Dec 31, 2023 · FY2024 Q1
Revenue for the quarter increased from the immediately preceding quarter and from the same quarter one year earlier. The growth rate was consistent with the upward trend observed over recent quarters.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$72.3B
Revenue reported for this quarter.
Quarter-over-quarter
+4.8%
Change from the immediately preceding quarter.
Year-over-year
+15.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$271.6B
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 | $63.5B | +9.9% |
| Jun 30, 2023 | $66.9B | +11.5% |
| Sep 30, 2023 | $68.9B | +12.7% |
| Dec 31, 2023 | $72.3B | +15.0% |
Revenue performance
The reported revenue was higher than the prior quarter, continuing a pattern of sequential growth.
Quarterly comparison
Compared to the same quarter last year, revenue also increased, reflecting a year-over-year improvement. The quarter-over-quarter change was positive, following the trend of prior periods.
What to watch
The company noted seasonal inventory buildup during the December and March quarters, which may influence working capital requirements.