Otis Worldwide (OTIS) Revenue — Quarter Ended Dec 31, 2023
Revenue for the latest quarter grew sequentially and also rose compared to the same period a year ago. The year-on-year improvement was more pronounced than the quarter-on-quarter gain.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue for the latest quarter grew sequentially and also rose compared to the same period a year ago. The year-on-year improvement was more pronounced than the quarter-on-quarter gain.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.6B
Revenue reported for this quarter.
Quarter-over-quarter
+2.8%
Change from the immediately preceding quarter.
Year-over-year
+5.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$14.2B
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 |
|---|---|---|
| Mar 31, 2023 | $3.3B | -2.0% |
| Jun 30, 2023 | $3.7B | +6.7% |
| Sep 30, 2023 | $3.5B | +5.4% |
| Dec 31, 2023 | $3.6B | +5.3% |
Revenue performance
The company posted higher revenue for the quarter, driven by broad-based gains. Both sequential and year-over-year comparisons were positive.
Quarterly comparison
When measured against the preceding quarter, revenue improved at a moderate pace. The increase relative to the same quarter last year was stronger.
What to watch
Monitor whether the sequential growth rate can sustain in the coming quarters.