QOQ
Adjective
Meaning
QOQ
Alternative form of QoQ
QoQ
(economics) Initialism of quarter-over-quarter/quarter-on-quarter.
Examples
HCL Tech reported a 7.4% qoq degrowth in revenues to USD 2,356mn which was in line with market expectations.
Gross margin (GM) at 74.6% improved 100bps QoQ and 316bps YoY on better mix, and process optimisation.
The ‘below investment grade’ book has also increased by 20bps QoQ to 1.1% of loans while credit cost is likely to shoot up in the coming quarters, impacting the net interest margin of the bank.
This dynamic is also evident in the vertical composition of revenues — wherein revenues have declined sequentially across all verticals barring hi-tech (+5.1 per cent QoQ).
Free cash flow came in at 273%, with per-share growth up an incredible 200% yoy and 15% qoq.
Banking segment revenue improved by a modest 1.8% QoQ.