SLB N.V. (SLB) Revenue — Quarter Ended Mar 31, 2023
Revenue for the quarter increased compared to the same quarter last year, but decreased slightly from the immediately preceding quarter. The year-over-year growth reflects continued expansion, while the sequential decline indicates a modest pullback from the prior period's level.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue for the quarter increased compared to the same quarter last year, but decreased slightly from the immediately preceding quarter. The year-over-year growth reflects continued expansion, while the sequential decline indicates a modest pullback from the prior period's level.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$7.7B
Revenue reported for this quarter.
Quarter-over-quarter
-1.8%
Change from the immediately preceding quarter.
Year-over-year
+29.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$29.9B
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, 2022 | $6.8B | +20.2% |
| Sep 30, 2022 | $7.5B | +27.9% |
| Dec 31, 2022 | $7.9B | +26.6% |
| Mar 31, 2023 | $7.7B | +29.8% |
Revenue performance
Reported revenue moved higher year over year, driven by increases in both services and product sales. The sequential decline was modest, with total revenue slightly below the prior quarter's figure.
Quarterly comparison
Compared to the immediately preceding quarter, revenue edged lower. Compared to the same quarter one year earlier, revenue was substantially higher, continuing the upward trend seen over the past several quarters.
What to watch
The sequential revenue decline, though small, may warrant attention for any signs of slowing momentum.