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
source: insemicon.com
Keysight Technologies Reports Second Quarter 2017 Results