Fortive (FTV) Revenue — Quarter Ended Mar 31, 2023
Revenue declined sequentially but improved year over year.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue declined sequentially but improved year over year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.5B
Revenue reported for this quarter.
Quarter-over-quarter
-4.5%
Change from the immediately preceding quarter.
Year-over-year
+6.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$5.9B
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 |
|---|---|---|
| Jul 1, 2022 | $1.5B | +10.9% |
| Sep 30, 2022 | $1.5B | +11.9% |
| Dec 31, 2022 | $1.5B | +11.3% |
| Mar 31, 2023 | $1.5B | +6.1% |
Revenue performance
The reported revenue decreased from the immediately preceding quarter.
Quarterly comparison
Compared to the same quarter a year ago, revenue rose. However, when measured against the prior quarter, it fell.
What to watch
The sequential decline contrasts with the year-over-year growth, warranting attention to revenue trends.