Second Quarter Financial Summary

  • GAAP revenue grew to $753 million, when compared with $731 million last year. Non-GAAP revenue, which excludes the impact of fair value adjustment to acquisition-related deferred revenue balances, grew to $758 million when compared with $735 million in the second quarter of 2016. Non-GAAP core revenue, which excludes the impact of currency and revenue from acquisitions completed within the last twelve months, increased 2 percent year-over-year.
  • GAAP operating margin was 6 percent, compared with 13 percent in the second quarter of 2016. Non-GAAP operating margin was 19 percent, compared with 18 percent in the second quarter of 2016.
  • GAAP net income was $49 million, or $0.27 per share, compared with $88 million, or $0.51 per share in the second quarter of 201z6. Non-GAAP net income was $114 million, or $0.64 per share, compared with $106 million, or $0.61 per share in the second quarter of 2016.
  • As of April 30, 2017, cash and cash equivalents totaled $983 million.

 

Third Fiscal Quarter Outlook

  • Keysight’s third quarter 2017 GAAP revenue is expected to be in the range of $810 million to $850 million and non-GAAP revenue is expected to be in the range of $840 million to $880 million

(www.businesswire.com)

source: insemicon.com

Keysight Technologies Reports Second Quarter 2017 Results

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