The Southern (SO) Revenue — Quarter Ended Sep 30, 2024
Revenue increased in the current quarter compared with both the prior quarter and the same quarter a year ago. The sequential growth was stronger than the year-over-year gain.
Key takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue increased in the current quarter compared with both the prior quarter and the same quarter a year ago. The sequential growth was stronger than the year-over-year gain.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$7.3B
Revenue reported for this quarter.
Quarter-over-quarter
+12.5%
Change from the immediately preceding quarter.
Year-over-year
+4.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$26.4B
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 |
|---|---|---|
| Dec 31, 2023 | $6B | -14.2% |
| Mar 31, 2024 | $6.6B | +2.6% |
| Jun 30, 2024 | $6.5B | +12.4% |
| Sep 30, 2024 | $7.3B | +4.2% |
Revenue performance
The reported revenue rose from the immediately preceding quarter, continuing an upward trajectory after a decline in the final quarter of the prior fiscal year.
Quarterly comparison
Compared with the same quarter one year earlier, revenue also increased, though at a more moderate pace than the sequential change. The trailing twelve-month revenue reflects the cumulative effect of these quarterly movements.
What to watch
Monitor whether the sequential revenue growth rate can be sustained in the upcoming quarter.