The Southern (SO) Revenue — Quarter Ended Mar 31, 2024
Revenue for the quarter increased compared to the prior quarter and also rose relative to the same quarter last year. The sequential improvement reversed a pattern of declines seen in the preceding three quarters.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue for the quarter increased compared to the prior quarter and also rose relative to the same quarter last year. The sequential improvement reversed a pattern of declines seen in the preceding three quarters.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$6.6B
Revenue reported for this quarter.
Quarter-over-quarter
+9.9%
Change from the immediately preceding quarter.
Year-over-year
+2.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$25.4B
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, 2023 | $5.7B | -20.2% |
| Sep 30, 2023 | $7B | -16.7% |
| Dec 31, 2023 | $6B | -14.2% |
| Mar 31, 2024 | $6.6B | +2.6% |
Revenue performance
The reported revenue moved higher, marking a positive direction for the period. This follows a stretch of sequential decreases in the three earlier quarters of the prior fiscal year.
Quarterly comparison
Compared with the immediately preceding quarter, revenue increased. Versus the same quarter one year earlier, revenue also showed an increase.
What to watch
Monitor whether the current quarter's sequential growth can be sustained after three consecutive quarters of decline.