Vertiv Holdings (VRT) Revenue — Quarter Ended Mar 31, 2023
Revenue declined from the prior quarter but rose sharply compared with the same quarter a year earlier. The sequential decrease followed a period of steady growth in the preceding quarters.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue declined from the prior quarter but rose sharply compared with the same quarter a year earlier. The sequential decrease followed a period of steady growth in the preceding quarters.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.5B
Revenue reported for this quarter.
Quarter-over-quarter
-8.1%
Change from the immediately preceding quarter.
Year-over-year
+31.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$6.1B
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 | $1.4B | +11.0% |
| Sep 30, 2022 | $1.5B | +20.5% |
| Dec 31, 2022 | $1.7B | +17.3% |
| Mar 31, 2023 | $1.5B | +31.5% |
Revenue performance
The reported revenue for the quarter was lower than the immediately preceding quarter, marking a reversal from the upward trend seen in the prior three quarters.
Quarterly comparison
Compared with the same quarter one year earlier, revenue was significantly higher. The sequential decline contrasts with the strong year-over-year gain.
What to watch
Monitor whether the sequential decline continues or stabilizes in the coming quarters.