Otis Worldwide (OTIS) Revenue — Quarter Ended Jun 30, 2023
Revenue increased in the current quarter compared to the prior quarter. Revenue also rose relative to the same quarter one year earlier.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue increased in the current quarter compared to the prior quarter. Revenue also rose relative to the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.7B
Revenue reported for this quarter.
Quarter-over-quarter
+11.2%
Change from the immediately preceding quarter.
Year-over-year
+6.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$13.8B
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 |
|---|---|---|
| Sep 30, 2022 | $3.3B | -7.6% |
| Dec 31, 2022 | $3.4B | -3.6% |
| Mar 31, 2023 | $3.3B | -2.0% |
| Jun 30, 2023 | $3.7B | +6.7% |
Revenue performance
The reported revenue direction is upward, driven by higher product and service sales.
Quarterly comparison
Compared with the immediately preceding quarter, revenue improved. Versus the same quarter one year ago, revenue was also higher.
What to watch
Monitor whether the sequential revenue growth can be sustained in the coming quarters.