The Southern (SO) Revenue — Quarter Ended Mar 31, 2023
Revenue for the quarter declined compared to both the prior quarter and the same quarter last year. The decrease marks a reversal from the growth seen in the preceding three quarters.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue for the quarter declined compared to both the prior quarter and the same quarter last year. The decrease marks a reversal from the growth seen in the preceding three quarters.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$6.5B
Revenue reported for this quarter.
Quarter-over-quarter
-8.0%
Change from the immediately preceding quarter.
Year-over-year
-2.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$29.1B
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 | $7.2B | +38.6% |
| Sep 30, 2022 | $8.4B | +34.3% |
| Dec 31, 2022 | $7B | +22.2% |
| Mar 31, 2023 | $6.5B | -2.5% |
Revenue performance
Reported revenue fell from the immediately preceding quarter, continuing a downward trajectory after three consecutive quarters of year-over-year growth.
Quarterly comparison
Compared with the same quarter one year earlier, revenue was lower. The prior quarter had also shown a year-over-year increase, making the current quarter a notable shift.
What to watch
The filing context does not provide specific causes for the revenue decline; further disclosure may clarify underlying drivers.