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It's a term to describe 3 consecutive months in a business year. Example January to March is the first quarter. April to June is the second quarter and so on.
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A quarter is 1/4 of a year. That means that every quarter has 3 months (Based on a 12 month year).
So the 1st quarter of a year includes January, Februrary and March.
The 2nd quarter includes April, May and June.
The 3rd quarter includes July, August and September.
The 4th quarter includes October, November and December.
So the 1st quarter of a year includes January, Februrary and March.
The 2nd quarter includes April, May and June.
The 3rd quarter includes July, August and September.
The 4th quarter includes October, November and December.
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