Vertiv Holdings (VRT) Revenue — Quarter Ended Dec 31, 2023
Revenue for the quarter increased compared to both the prior quarter and the same quarter last year. The sequential growth was supported by continued demand, while the year-over-year gain reflected a sustained upward trend.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue for the quarter increased compared to both the prior quarter and the same quarter last year. The sequential growth was supported by continued demand, while the year-over-year gain reflected a sustained upward trend.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.9B
Revenue reported for this quarter.
Quarter-over-quarter
+7.0%
Change from the immediately preceding quarter.
Year-over-year
+12.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$6.9B
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 |
|---|---|---|
| Mar 31, 2023 | $1.5B | +31.5% |
| Jun 30, 2023 | $1.7B | +23.9% |
| Sep 30, 2023 | $1.7B | +17.7% |
| Dec 31, 2023 | $1.9B | +12.7% |
Revenue performance
Reported revenue rose from the immediately preceding quarter, marking a sequential improvement. The year-over-year comparison also showed an increase, extending the pattern of higher revenue relative to the same period a year earlier.
Quarterly comparison
Compared to the prior quarter, revenue moved higher, and the year-over-year change was also positive. The trailing twelve-month revenue figure was higher than the current quarter's annualized run rate, indicating a stronger full-year performance.
What to watch
Monitor whether the sequential growth rate can be maintained in the next quarter given the recent quarterly trend of decelerating year-over-year increases.