- Keysight Technologies’ financial results for the first fiscal quarter ended January 31, 2025 beat expectations. Sales for the period reached $1.30 billion.
- In the second fiscal quarter 2025, the US company’s sales are expected to come in at between $1.27 and $1.29 billion.
“Keysight delivered strong first quarter results, reflecting year-over-year growth in revenues and orders. The demand environment remains consistent with our view of a gradual recovery in 2025,” said Satish Dhanasekaran, Keysight’s President and CEO (photo).
First Quarter Financial Summary
- Revenue was $1.30 billion, compared with $1.26 billion in the first quarter of 2024.
- GAAP net income was $169 million, compared with $172 million in the first quarter of 2024.
- Non-GAAP net income was $317 million, compared with $286 million in the first quarter of 2024.
- Cash flow from operations was $378 million, compared to $328 million last year. Free cash flow was $346 million, compared to $281 million in the first quarter of 2024.
- As of January 31, 2025, cash and cash equivalents totaled $2.06 billion.
(*)GAAP : Generally Accepted Accounting Principles
- Communications Solutions Group (CSG)
CSG reported revenue of $883 million in the first quarter, up 5 percent from the prior year, reflecting a 5 percent growth in commercial communications and 5 percent growth in aerospace, defense, and government. - Electronic Industrial Solutions Group (EISG)
EISG reported revenue of $415 million in the first quarter, down 1 percent from the prior year, reflecting mixed demand across end markets.
