Keysight Technologies Inc

KEYS

Equity

ISIN US49338L1035 / Valor 23298941

New York Stock Exchange, Inc (2024-11-21)

USD 170.43+2.99%

Keysight Technologies Inc
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About company

Keysight Technologies Inc is a company that focuses on providing solutions and services that positively impact the global community. They track progress against key impact goals that support environmental sustainability, positive social impact, and ethical governance. Their CSR strategy is a three-pronged approach that supports efforts to help the planet and company thrive, engages stakeholders and company values, and utilizes a governance structure with defined scope and management system. Keysight's CSR efforts are aligned and measured within a framework of foundational pillars, aiming to improve the global environment, strengthen local communities, and uphold ethical business practices worldwide.

Summarized from source with an LLMView SourceSector: Technology

Revenue Decline

Keysight Technologies Inc. reported revenue of $1.22 billion for the second fiscal quarter of 2024, which ended on April 30, 2024. This represents a decrease from the $1.39 billion reported in the same quarter of the previous year.

Net Income Drop

For the second fiscal quarter of 2024, Keysight Technologies Inc. reported a GAAP net income of $126 million, or $0.72 per share. This is a significant drop compared to the $283 million, or $1.58 per share, reported in the second quarter of 2023.

Segment Performance

The Communications Solutions Group (CSG) of Keysight Technologies Inc. reported revenue of $840 million for the second quarter of 2024, reflecting a 10 percent decline from the previous year. The Electronic Industrial Solutions Group (EISG) reported revenue of $376 million, down 17 percent from the prior year.

Cash Flow and Liquidity

Keysight Technologies Inc. reported cash flow from operations of $110 million for the second fiscal quarter of 2024, compared to $423 million in the same quarter of the previous year. As of April 30, 2024, the company had cash and cash equivalents totaling $1.66 billion.

Future Outlook

For the third fiscal quarter of 2024, Keysight Technologies Inc. expects revenue to be in the range of $1.18 billion to $1.20 billion. Non-GAAP earnings per share are anticipated to be between $1.30 and $1.36, based on a weighted diluted share count of approximately 175 million shares.

Summarized from source with an LLMView Source

Key figures

26.7%1Y

-12.4%3Y

61.2%5Y

Performance

29.9%1Y

31.1%3Y

32.9%5Y

Volatility