Gen Digital (GEN) Revenue — Quarter Ended Jun 30, 2023
Revenue for the quarter increased compared to both the immediately preceding quarter and the same quarter a year ago. The year-over-year gain was notably larger than the sequential rise.
Key takeaway
Quarter ended Jun 30, 2023 · FY2024 Q1
Revenue for the quarter increased compared to both the immediately preceding quarter and the same quarter a year ago. The year-over-year gain was notably larger than the sequential rise.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$943M
Revenue reported for this quarter.
Quarter-over-quarter
+1.8%
Change from the immediately preceding quarter.
Year-over-year
+33.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$3.6B
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 |
|---|---|---|
| Sep 30, 2022 | $748M | +8.1% |
| Dec 30, 2022 | $936M | +33.3% |
| Mar 31, 2023 | $926M | +29.3% |
| Jun 30, 2023 | $943M | +33.4% |
Revenue performance
The reported revenue rose relative to the prior quarter, driven by continued business momentum. Compared with the same period last year, the increase was substantial.
Quarterly comparison
Sequentially, revenue edged higher from the preceding quarter. On a year-over-year basis, revenue showed a strong advance from the same quarter one year earlier.
What to watch
Monitor whether revenue growth can sustain its momentum given the recent sequential moderation.