Gen Digital (GEN) Revenue — Quarter Ended Mar 31, 2023
Revenue for the quarter showed a slight decline compared to the immediately preceding quarter, but a substantial increase versus the same quarter one year earlier. The company's operations have been reshaped by a recent merger, which may influence future performance.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q4
Revenue for the quarter showed a slight decline compared to the immediately preceding quarter, but a substantial increase versus the same quarter one year earlier. The company's operations have been reshaped by a recent merger, which may influence future performance.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$926M
Revenue reported for this quarter.
Quarter-over-quarter
-1.1%
Change from the immediately preceding quarter.
Year-over-year
+29.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$3.3B
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 | $707M | +3.1% |
| Sep 30, 2022 | $748M | +8.1% |
| Dec 30, 2022 | $936M | +33.3% |
| Mar 31, 2023 | $926M | +29.3% |
Revenue performance
The reported revenue reflected a decrease from the prior quarter, while trailing twelve-month revenue remained robust. The merger has altered the scale and scope of operations, potentially contributing to the quarter-over-quarter shift.
Quarterly comparison
Compared to the immediately preceding quarter, revenue was slightly lower, but it was significantly higher than the same quarter one year ago. The year-over-year growth was driven by the expanded business following the merger.
What to watch
Monitor the integration progress and capital structure evolution following the merger, as these may affect revenue trajectory and liquidity.