Gen Digital (GEN) Revenue — Quarter Ended Mar 29, 2024
Revenue for the quarter increased compared to both the preceding quarter and the same quarter one year earlier. The year-over-year growth was more pronounced than the sequential growth, continuing a trend of positive quarterly comparisons.
Key takeaway
Quarter ended Mar 29, 2024 · FY2024 Q4
Revenue for the quarter increased compared to both the preceding quarter and the same quarter one year earlier. The year-over-year growth was more pronounced than the sequential growth, continuing a trend of positive quarterly comparisons.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$964M
Revenue reported for this quarter.
Quarter-over-quarter
+1.7%
Change from the immediately preceding quarter.
Year-over-year
+4.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$3.8B
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, 2023 | $943M | +33.4% |
| Sep 29, 2023 | $945M | +26.3% |
| Dec 29, 2023 | $948M | +1.3% |
| Mar 29, 2024 | $964M | +4.1% |
Revenue performance
The reported revenue rose on a sequential basis and also showed a stronger increase compared to the same period a year ago. This reflects sustained demand for the company's offerings.
Quarterly comparison
Over recent quarters, revenue has posted steady sequential gains, with the latest quarter's year-over-year growth outpacing earlier periods. The sequential improvement, while positive, was smaller than the year-over-year gain.
What to watch
The integration of the recent acquisition and related cost synergies remain an area to monitor.