The Southern (SO) Revenue — Quarter Ended Jun 30, 2023
Revenue for the quarter declined compared with both the prior quarter and the same quarter a year ago. The decrease reflects a continuation of the downward trend observed in recent periods.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue for the quarter declined compared with both the prior quarter and the same quarter a year ago. The decrease reflects a continuation of the downward trend observed in recent periods.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$5.7B
Revenue reported for this quarter.
Quarter-over-quarter
-11.3%
Change from the immediately preceding quarter.
Year-over-year
-20.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$27.7B
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 | $8.4B | +34.3% |
| Dec 31, 2022 | $7B | +22.2% |
| Mar 31, 2023 | $6.5B | -2.5% |
| Jun 30, 2023 | $5.7B | -20.2% |
Revenue performance
Reported revenue fell from the immediately preceding quarter, marking a further contraction after the prior period's decline.
Quarterly comparison
Compared with the same quarter one year earlier, revenue was also lower, extending the year-over-year decline seen in the prior quarter.
What to watch
The sequential and year-over-year revenue declines warrant monitoring for any change in trend.