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Services Sector Revenue Growth Rates

Revenue Growth Information & Trends 
 


Category:   Period:  

Services Sector 2 Q 1 Q 4 Q 3 Q 2 Q
  2024 2024 FY 2023 2023 2023
Y / Y Revenue Quarterly Growth 6.11 % 3.43 % 4.93 % 4.84 % 3.98 %
Seq. Revenue Quarterly Growth 4.26 % -2.49 % 1.7 % 1.19 % 3.79 %
Overall Ranking Y/Y # 8 # 7 # 10 # 6 # 5
Y / Y Revenue Annual Growth (at the end of Fiscal Year) 12.15 %
Y / Y Revenue Growth (Annual by Quarter Ending) 9.8 % 4.01 % 12.15 % -33.96 % -33.02 %
Seq. Revenue Growth (Annual by Quarter Ending) 1.49 % 0.12 % 8.2 % 2.07 % -37.95 %
Overall Ranking Y/Y (Annual) # 2 # 3 # 11 # 11 # 11



Revenue growth Comment

Services Sector's pace of Revenue growth in 2 Q 2024 accelerated to 6.11 % year on year, but remained below Sector average.

Sequentially Revenue grew by 4.26 %.

Within sector 7 other sector have accomplished higher Revenue growth. Revenue increase overall ranking has deteriorated compared to the previous quarter from 7 to 8.

 

Note, Numbers include only companies who have reported earnings results. Numbers change as more businesses report financial results. See the full List.



Revenue Y/Y Growth Statistics
High
Average
Low
117.52 % 6.3 % -99.06 %
4. quarter 2021
 
1. quarter 2021

Sector Revenue Y/Y Growth Ranking
Within: No.
Sector # 8
Overall Market # 8



Annual Basis Services Revenue Y/Y Growth

 


Revenue Y/Y Annual Growth Statistics
High
Average
Low
20.18 % -1.73 % -276.03 %
3. quarter 2015
 
4. quarter 2022

Revenue growth Y/Y Annual Comment
On the trailing twelve months basis
Services Sector's pace of cumulative 12 months Sales growth in 2 Q 2024 accelerated to 9.8 % year on year, above Sector average.

Sequentially TTM Revenue grew by 1.49 %.

Within sector only one Sector has accomplished higher Revenue growth. Revenue growth total ranking has improved so far to 2, from total ranking in the previous quarter at 3.

Sector Revenue Y/Y Growth Ranking Annual
Within: No.
Sector # 2
Overall Market # 2





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