Keysight Technologies Reports Fourth-Quarter and Fiscal 2015 Results
GAAP net income of $277 million, or $1.61 per share
Non-GAAP net income of $122 million, or $0.71 per share(1)
Q4 GAAP revenue of $750 million, $2.9 billion for FY15
Q4 non-GAAP revenue of $756 million, $2.9 billion for FY15(2)
First-quarter fiscal year 2016 non-GAAP revenue guidance of $702 million to $742 million(2); non-GAAP earnings guidance of $0.44 to $0.58 per share(3)
SANTA ROSA, Calif., Nov. 19, 2015 - Keysight Technologies, Inc. (NYSE: KEYS) today reported strong operating results despite mixed end market conditions. Non-GAAP revenue of $756 million for the fourth fiscal quarter ended Oct. 31, 2015, declined 1 percent compared with one year ago.(2) Currency had a negative year-over-year impact of 4 percentage points on revenue, while acquisitions contributed 4 percentage points of growth.
Compared to last year, results across end markets were mixed. Communications market revenues grew 3 percent, while aerospace & defense market revenues declined 5 percent versus a high point driven by the post-sequestration recovery. Industrial, computer, and semiconductor market revenues declined 2 percent as strength in computer and semiconductor markets was offset by softer industrial spending. Regionally, sales grew on a core basis in Asia Pacific and Japan with declines in the Americas and Europe.
Fourth-quarter GAAP gross margin of 56 percent increased 1.5 percentage points year-over-year. Non-GAAP gross margin of 58 percent increased 1.9 percentage points as the mix of R&D and software revenues improved.(1) Expenses increased due to acquisitions and higher R&D investment in support of key growth initiatives.
The following information was filed by Keysight Technologies, Inc. (KEYS) on Thursday, November 19, 2015 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.
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Ticker: KEYS CIK: 1601046 Form Type: 10-K Annual Report Accession Number: 0001601046-15-000044 Submitted to the SEC: Mon Dec 21 2015 4:07:49 PM EST Accepted by the SEC: Mon Dec 21 2015 Period: Saturday, October 31, 2015 Industry: Industrial Instruments For Measurement Display And Control