YOU ARE AT:Test and MeasurementKeysight notches another record quarter

Keysight notches another record quarter

Keysight Technologies recorded another record period, beating its own guidance with all-time best revenues and record orders in its fiscal second quarter ending April 30.

“Demand for our broad-based portfolio of differentiated solutions remains strong. We executed well and successfully navigated the geopolitical and supply chain challenges within the quarter,” said Satish Dhanasekaran, Keysight’s president and CEO, in a statement. “Our consistent performance is a testament to our strategy, our people, and the resilience of our business, and gives us confidence in our raised outlook for the year.”

Keysight’s orders were up 9% year-over-year to $1.46 billion for the quarter, while revenues grew 11% compared to the same time last year and reached $1.35 billion.

Profits for the quarter came in at $258 million, versus $186 million in the year-ago quarter.

In terms of segment revenues, Keysight’s Communications Solutions Group (CSG) revenues were $963 million for the quarter, up 10% from the same time last year. The company said those revenues were driven by “continued investments in 5G R&D and O-RAN adoption, new communications technologies such as 400G, 800G and terabit R&D, and wireline applications, as well as signal monitoring, cyber, space and satellite solutions.”

Meanwhile, the company’s Electronic Industrial Solutions Group (EISG) saw its revenues jump 13% from the year-ago period to $388 million, with growth across all regions that Keysight said benefited from demand for next-generation automotive, energy technologies and semiconductor measurement solutions.

Keysight also noted that it acquired about 1.9 million of its shares in a buyback on the open market, for a cost of about $289 million.

The test company anticipates that its third fiscal quarter revenues will be between $1.33-$1.35 billion and that its full fiscal year revenue growth will be around 8%.

Dhanasekaran officially took over his new leadership role as of May 1; Keysight’s longtime President and CEO Ron Nersesian retired from his position but is continuing to serve as executive chairman of the board.

ABOUT AUTHOR

Kelly Hill
Kelly Hill
Kelly reports on network test and measurement, as well as the use of big data and analytics. She first covered the wireless industry for RCR Wireless News in 2005, focusing on carriers and mobile virtual network operators, then took a few years’ hiatus and returned to RCR Wireless News to write about heterogeneous networks and network infrastructure. Kelly is an Ohio native with a masters degree in journalism from the University of California, Berkeley, where she focused on science writing and multimedia. She has written for the San Francisco Chronicle, The Oregonian and The Canton Repository. Follow her on Twitter: @khillrcr

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