Vertiv Holdings (VRT) Revenue — Quarter Ended Sep 30, 2023
Revenue increased during the quarter, continuing an upward trajectory. The reported growth was driven by higher product and service sales compared to both the prior quarter and the same period last year.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue increased during the quarter, continuing an upward trajectory. The reported growth was driven by higher product and service sales compared to both the prior quarter and the same period last year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.7B
Revenue reported for this quarter.
Quarter-over-quarter
+0.5%
Change from the immediately preceding quarter.
Year-over-year
+17.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$6.7B
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 |
|---|---|---|
| Dec 31, 2022 | $1.7B | +17.3% |
| Mar 31, 2023 | $1.5B | +31.5% |
| Jun 30, 2023 | $1.7B | +23.9% |
| Sep 30, 2023 | $1.7B | +17.7% |
Revenue performance
Revenue rose from the immediately preceding quarter, reflecting sustained demand. The increase was also significant when measured against the same quarter one year earlier.
Quarterly comparison
Compared to the prior quarter, revenue edged higher. On a year-over-year basis, the reported revenue showed a strong gain.
What to watch
Sequential revenue growth slowed compared to the larger year-over-year increase, suggesting a possible moderation in near-term momentum.