Otis Worldwide (OTIS) Revenue — Quarter Ended Jun 30, 2024
Revenue for the quarter increased compared with the immediately preceding quarter. However, it declined relative to the same quarter one year earlier.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue for the quarter increased compared with the immediately preceding quarter. However, it declined 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
$3.6B
Revenue reported for this quarter.
Quarter-over-quarter
+4.8%
Change from the immediately preceding quarter.
Year-over-year
-3.2%
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 |
|---|---|---|
| Sep 30, 2023 | $3.5B | +5.4% |
| Dec 31, 2023 | $3.6B | +5.3% |
| Mar 31, 2024 | $3.4B | +2.7% |
| Jun 30, 2024 | $3.6B | -3.2% |
Revenue performance
The reported revenue direction is upward from the prior quarter, reversing the sequential decline seen in the previous period.
Quarterly comparison
Compared with the immediately preceding quarter, revenue rose. Compared with the same quarter one year earlier, revenue was lower.
What to watch
The year-over-year decline in revenue may warrant attention in the next quarter.