- Keysight Technologies reported financial results for the first fiscal quarter of 2018 ended Jan. 31, 2018.
- Keysight’s first half of 2018 GAAP revenue is expected to be in the range of $1,777 million to $1,807 million and in the range of $1,805 million to $1,835 million for non-GAAP revenue.
- The midpoint of this first half 2018 guidance implies second quarter 2018 GAAP revenue of $955 million and non-GAAP revenue of $964 million.
GAAP(*) revenue grew 15 percent to reach $837 million, when compared with $726 million last year.
Non-GAAP revenue, which excludes the impact of fair value adjustment to acquisition-related deferred revenue balances, grew 18 percent to reach $856 million. Non-GAAP core revenue decreased 2 percent, reflecting the disruption in production from the Northern California wildfires.
GAAP net income was $94 million, compared with $109 million in the first quarter of 2017. Non-GAAP net income was $97 million compared with $98 million in the first quarter of 2017.
(*) GAAP : Generally Accepted Accounting Principles.
Communications Solutions Group (CSG) :
CSG revenue was $420 million in the first quarter, compared to $434 million in the prior year first quarter. CSG revenue was most impacted by the disruption in production due to the Northern California wildfires.
Electronic Industrial Solutions Group (EISG)
EISG revenue grew 6 percent to $203 million in the first quarter, compared to $192 million in the first quarter of 2017. Growth was led by automotive & energy and semiconductor measurement solutions, offset by a slight decline in general electronics measurement.
Ixia Solutions Group (ISG)
ISG revenue was $127 million in the first quarter. ISG saw increased shipments for its high-speed Ethernet 400G test solutions.
Services Solutions Group (SSG)
SSG revenue grew 6 percent to $106 million in the first quarter, compared to $100 million in the first quarter of 2017. Revenue growth for SSG was driven by an increase in sales for remarketed solutions and calibration and overall regional strength in the Americas and Asia Pacific.