GE HealthCare Technologies (GEHC) Revenue — Quarter Ended Mar 31, 2023
Revenue for the quarter declined from the prior quarter but rose compared to the same quarter last year. The year-over-year growth continued a positive trend despite the sequential dip.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue for the quarter declined from the prior quarter but rose compared to the same quarter last year. The year-over-year growth continued a positive trend despite the sequential dip.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4.7B
Revenue reported for this quarter.
Quarter-over-quarter
-4.7%
Change from the immediately preceding quarter.
Year-over-year
+8.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$18.7B
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 |
|---|---|---|
| Jun 30, 2022 | $4.5B | n/a |
| Sep 30, 2022 | $4.6B | n/a |
| Dec 31, 2022 | $4.9B | n/a |
| Mar 31, 2023 | $4.7B | +8.4% |
Revenue performance
The reported revenue showed a decrease from the immediately preceding quarter.
Quarterly comparison
Compared to the same period a year earlier, revenue increased, marking a year-on-year improvement.
What to watch
It would be important to monitor whether the sequential decline reverses in the coming quarters.