Keysight Technologies Inc.
Keysight Technologies Reports Strong Financial Results for Q4 and FY 2024
Summary
Keysight Technologies, Inc. reported financial results for the fourth fiscal quarter and fiscal year ended October 31, 2024. The company reported fourth quarter revenue of $1.29 billion and fiscal year 2024 revenue of $4.98 billion. Non-GAAP net income for the fourth quarter was $288 million and for the fiscal year, it was $1.10 billion. The company's management expects first fiscal quarter of 2025 revenue to be in the range of $1.265 billion to $1.285 billion. Keysight also furnished a press release announcing these results as Exhibit 99.1.
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About Keysight Technologies Inc.
Keysight Technologies Inc. is an industry leader in the development and production of electronic measurement solutions. This company plays a crucial role in enabling technological advancement by providing essential testing equipment for sectors such as telecommunications, automotive, aerospace, and defense. Keysight's products and services are pivotal for research and development, ensuring that new technologies meet rigorous standards for performance and reliability. Notable for its comprehensive suite of test and measurement solutions, Keysight Technologies offers software, hardware, and service capabilities that span the entire product development lifecycle - from design simulation to prototype validation, manufacturing testing, and optimization in the operational phase. Established as a standalone company from Agilent Technologies in 2014, it has carved a niche for its precise instrumentation and software tools that help companies accelerate innovation across fields like 5G, Internet of Things (IoT), and advanced computing. In the financial markets, Keysight Technologies is recognized for its substantial contributions to enabling modernization and the rollout of next-generation communication networks. The company’s presence in rapidly evolving industries highlights its significance as a driver of growth and innovation within the global tech ecosystem.
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