Keysight Technologies reported revenue of $1.31 billion, compared with $1.44 billion last year, for its fourth fiscal quarter ended October 31, 2023.
GAAP net income was $226 million, or $1.28 per share, compared with $299 million, or $1.66 per share, in the fourth quarter of 2022. Non-GAAP net income was $352 million, or $1.99 per share, compared with $386 million, or $2.14 per share in the fourth quarter of 2022.
Communications Solutions Group (CSG)
- CSG reported revenue of $891 million in the fourth quarter, down 10 percent over last year, reflecting a 17 percent decline in commercial communications, while aerospace, defense, and government increased 4 percent driven by investments in defense technology modernization, electromagnetic spectrum operations, radar, and space and satellite.
Electronic Industrial Solutions Group (EISG)
- EISG reported revenue of $420 million in the fourth quarter, down 7 percent over last year, reflecting contraction in semiconductor and manufacturing-related customer spending, while investment in new mobility automotive, advanced research, and digital health held steady.
“Keysight delivered solid fourth quarter results and finished the year with record revenue, gross margin, and operating margin,” said Satish Dhanasekaran, Keysight’s President and CEO. “In what remains a challenging macro environment, our strategic customer engagement is high, and we are continuing to capitalize on opportunities across a broad and diverse set of end markets, positioning us well for an eventual recovery.”
