(1) Non-GAAP net income, non-GAAP operating margin and non-GAAP net income per share exclude primarily the impacts of share-based compensation, separation costs and non-cash intangible amortization. Non–GAAP net income and non-GAAP net income per share, also excludes any tax benefits that are not directly related to ongoing operations and which are either isolated or cannot be expected to occur again with any regularity or predictability. Earnings per share is based on diluted shares. Reconciliation between non-GAAP net income and GAAP net income is set forth on page 4 of the attached tables along with additional information regarding the use of this non-GAAP measure.
(2) Non-GAAP earnings per share as projected for Q2FY15 excludes primarily the impacts of share-based compensation, separation costs and non-cash intangible amortization. We also exclude any tax benefits that are not directly related to ongoing operations and which are either isolated or cannot be expected to occur again with any regularity or predictability. Most of these excluded amounts pertain to events that have not yet occurred and are not currently possible to estimate with a reasonable degree of accuracy. Therefore, no reconciliation to GAAP amounts has been provided.
(3) Return on invested capital (ROIC) is a non-GAAP measure and is defined as income from operations less other (income) expense and taxes, annualized, divided by the average of the two most recent quarter-end balances of assets less net current liabilities. The reconciliation of ROIC can be found on page 6 of the attached tables, along with additional information regarding the use of this non-GAAP measure.
NOTE TO EDITORS: Further technology, corporate citizenship and executive news is available at www.keysight.com/go/news.
|KEYSIGHT TECHNOLOGIES, INC.|
|CONDENSED COMBINED AND CONSOLIDATED STATEMENT OF OPERATIONS|
|(In millions, except per share amounts)|
Three Months Ended
|Costs and expenses:|
|Cost of products and services||318||299||6||%|
|Research and development||96||90||7||%|
|Selling, general and administrative||206||191||8||%|
|Total costs and expenses||620||580||7||%|
|Income from operations||81||91||(11||%)|
|Other income (expense), net||9||1||800||%|
|Income before taxes||78||92||(15||%)|
|Provision for income taxes||8||18||(56||%)|
|Net income per share:|
|Weighted average shares used in computing net income per share: (a)|