Keysight Technologies reported a strong second quarter, with record revenues that were up 3% to $1.39 billion, or 5% when the impacts of foreign currency impacts and revenues from businesses acquired or divested were excluded.
Net income for the quarter was $283 million, up from $258 million in the year-ago period.
President and CEO Satish Dhanasekaran said that the company’s results demonstrate “the resilience of our increasingly diversified business.
“While navigating near-term macro dynamics, we continue to capitalize on growth opportunities and customer investments across multiple markets,” Dhanasekaran added.
In Keysight’s Communications Solutions Group (CSG), which accounts for about two-third of the company’s business, revenues were down 3% in the second quarter to $937 million. That was due to a 7% decline in commercial communications, the company said, while its revenues from aerospace, defense, and government increased 7% driven by “radar, spectrum operations, space and satellite, and research in 5G and 6G technologies.”
Meanwhile, Keysight’s Electronic Industrial Solutions Group, or EISG, saw revenues jump 17% from 2021 to $453 million. Keysight said this was “driven by growth across general electronics, semiconductor solutions, and next-generation automotive and energy technologies.”
In the company’s quarterly presentation to investors, it said that while “broader wireless sector spending remains cautious,” it is observing continuing investment in “strategic R&D” for 5G Rel-17, non-terrestrial networks, Open RAN, AI-ML data center networks and early 6G.
In other test news:
-Testing services company TÜV Rheinland says it achieved “sustainable growth”, closing out fiscal year 2022 (its 150th anniversary) with revenues of €2.275 billion, up 8.8% from the previous fiscal year.
The company’s workforce increased by about 3% to 20,870 full-time employees around the world, and TÜV Rheinland said that its investments reached €90.8 million, up more than €33 million from 2021. The company is particularly focused on “digitalization topics such as electromobility and autonomous driving,” and highlighted its opening of a large test lab for electric vehicles in Aachen, Germany, as well a lab in Taicang, China, that will focus on testing photovoltaic modules, electrical and electronic products and automotive electronics. The company also expanded testing capacity for wireless tech in Taiwan, and put in motion the first phase of its Yangtze River Delta Operation Hub, where the company invested around EUR 10 million last year.
“In 2022, we demonstrated once again that TÜV Rheinland is on stable footing, even in times of uncertainty and multiple crises. In our 150th anniversary year, we generated revenues of around €2.3 billion and solid earnings of more than €180 million,” said Dr. Michael Fübi, CEO of TÜV Rheinland AG. “We could not have achieved this without the excellent performance and considerable expertise of our employees. The positive results mean that we can invest in our future and sustainable growth.”
TÜV Rheinland is continuing sizable investments in 2023, the company noted, including starting construction in February on a testing and certification sit in the Boston area for high-tech products. That center, the company said, will be largest of its kind in the Northeastern U.S. and is expected to open at the end of this year.
-ICYMI: NI, which is gearing up for its NI Connect conference next week in Austin, Tex., also recently opened a new specialized automotive testing facility in Novi, Michigan, in the geographical heart of automotive development. Full story on the new facility is here.
–Athonet says that it has completed testing with Anterix for the use of the latter’s 900 MHz spectrum and Athonet’s core for private LTE networks. The two companies said that Athonet’s Evolved Packet Core (EPC) was validated for its ability to support networks using Anterix’s 900 MHz spectrum, providing utilities with a scalable, mission-critical LTE mobile core. “As we continue to work with customers in their journey to private LTE, utilities and their mission to support critical grid communications have become a primary focus,” Athonet said in a release.
“Anterix is working with a diverse set of ecosystem members to expand the capabilities of our platform. We are actively collaborating to develop and test 900 MHz private LTE solutions that deliver value, driven by utility requirements,” said Carlos L’Abbate, chief technology officer at Anterix. “Athonet’s LTE mobile core is designed to provide security, flexibility and reliability to utilities around the world so it is a natural option for our customers.”
Rakesh Dave, VP of business development for Athonet USA, said that the proof-of-concept with Anterix “showcases our ability to bring innovative technology solutions to our utility customers, offering incredible coverage, capacity and cost savings.”
–Rohde & Schwarz is using a hybrid format for its 11th annual Mobile Network Testing (MNT) Forum, which will be held May 23 and May 24. You can register to attend virtually, or in-person at the company’s headquarters in Munich, Germany.
-Test equipment startup Liquid Instruments has released the latest update for its software-defined lab instruments. The company launched in 2015 and offered three instruments; now it offers 12, including an oscilloscope and spectrum analyzer.
The company said that its Moku Version 3.0 update brings “significant upgrades” to its Moku:Lab product, adding that it”improves consistency in user experience and code portability across devices, as well as enhanced development efficiency to speed up future feature releases.”
