Keysight Technologies Reports First-Quarter 2015 Results


  • GAAP net income of $70 million, or $0.41 per share
  • Non-GAAP net income of $96 million, or $0.56 per share(1)
  • Revenues of $701 million, up 4 percent year-over-year
  • GAAP operating margin of 12 percent; non-GAAP operating margin of 17 percent(1)
  • Second-quarter fiscal year 2015 revenue guidance of $720 million to $760 million; non-GAAP earnings guidance of $0.56 to $0.70 per share(2)

SANTA ROSA, Calif. — (BUSINESS WIRE) — February 19, 2015 — Keysight Technologies, Inc. (NYSE: KEYS) today reported revenues of $701 million for the first fiscal quarter ended Jan. 31, 2015, up 4 percent compared with one year ago. First-quarter GAAP net income was $70 million, or $0.41 per share. First-quarter GAAP operating margin was 12 percent.

During the first quarter, Keysight had share-based compensation of $29 million, separation costs of $7 million, intangible amortization of $2 million, and a tax benefit of $11 million. Excluding these items and $1 million of other net benefits, Keysight reported first-quarter non-GAAP net income of $96 million, or 0.56 per share.(1) First-quarter non-GAAP operating margin was 17 percent.(1)

“I was very pleased with our performance in our first quarter as an independent company,” said Ron Nersesian, Keysight president and CEO. “Our team did an exceptional job in executing the separation with no significant issues. In parallel, we delivered revenue and profit above the midpoint of our guidance.

“Looking ahead, our solid stabilization and strong operating performance allows us to focus even more intently on accelerating growth while maintaining our business model,” Nersesian added.

Keysight generated $92 million in cash from operations in the quarter. First-quarter ROIC was 30 percent.(3)

Keysight’s second-quarter 2015 revenues are expected to be in the range of $720 million to $760 million. Second-quarter non-GAAP earnings are expected to be in the range of $0.56 to $0.70 per share.(2)

About Keysight Technologies

Keysight Technologies (NYSE: KEYS) is a global electronic measurement technology and market leader helping to transform its customers’ measurement experience through innovations in wireless, modular, and software solutions. Keysight’s electronic measurement instruments, systems, software and services are used in the design, development, manufacture, installation, deployment and operation of electronic equipment. The business had revenues of $2.9 billion in fiscal year 2014. Information about Keysight is available at

Keysight’s management will present more details about its first-quarter FY2015 financial results on a conference call with investors today at 1:30 p.m. PT. This event will be webcast in listen-only mode. Listeners may log on and select Q1 2015 Keysight Technologies, Inc. Results Conference Call in the Investor News & Events – Upcoming Events section at The webcast will remain on the company site for 90 days.

A telephone replay of the conference call will be available at approximately 4:15 p.m. PT, Feb. 19 through March 3 by dialing +1 855 859 2056 (or +1 404 537 3406 from outside the United States) and entering pass code 56366702.

Forward-Looking Statements

This news release contains forward-looking statements as defined in the Securities Exchange Act of 1934 and is subject to the safe harbors created therein. The forward-looking statements contained herein include, but are not limited to, information regarding Keysight’s future revenues, earnings and profitability; the future demand for the company’s products and services; and customer expectations. These forward-looking statements involve risks and uncertainties that could cause Keysight’s results to differ materially from management’s current expectations. Such risks and uncertainties include, but are not limited to, unforeseen changes in the strength of our customers’ businesses; unforeseen changes in the demand for current and new products, technologies, and services; customer purchasing decisions and timing, and the risk that we are not able to realize the savings expected from integration and restructuring activities.

In addition, other risks that Keysight faces include those detailed in Keysight’s filings with the Securities and Exchange Commission, including our Form 10-K for the fiscal year ended Oct. 31, 2014. Forward-looking statements are based on the beliefs and assumptions of Keysight’s management and on currently available information. Keysight undertakes no responsibility to publicly update or revise any forward-looking statement.

Non-GAAP Measures

1 | 2 | 3 | 4 | 5 | 6 | 7 | 8  Next Page »

Review Article Be the first to review this article
CST: Webinar November 9, 2017

Synopsys: Custom Compiler

Featured Video
Peggy AycinenaWhat Would Joe Do?
by Peggy Aycinena
Teklatech: Work smart, Not hard
More Editorial  
Senior R&D Engineer...Timing Closure Specialist for EDA Careers at San Jose or Anywhere, CA
Senior Front-End RTL Design AE for EDA Careers at San Jose, CA
Technical Support Engineer EU/Germany/UK for EDA Careers at N/A, United Kingdom
Upcoming Events
ARM TechCon 2017 at Santa Clara Convention Center Santa Clara CA - Oct 24 - 26, 2017
MIPI DevCon Bangalore 2017 at The Leela Palace Bengaluru India - Oct 27, 2017
The 2017 International Test Conference at Fort Worth Convention Center Fort Worth TX - Oct 31 - 2, 2017
MIPI DevCon Hsinchu City 2017 at Sheraton Hsinchu Hotel Taiwan - Oct 31, 2017
CST: Webinar series
TrueCircuits: UltraPLL

Internet Business Systems © 2017 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise