Keysight’s results for the fourth quarter and fiscal year 2022

  • Keysight Technologies announced its financial results for the fourth fiscal quarter and fiscal year 2022, ended October 31.
  • Its revenue was $1.44 billion for the fourth quarter and $5.42 billion for the full fiscal year 2022.
  • The U.S.-based company estimates its fiscal first quarter 2023 revenue to be between $1.36 billion and $1.38 billion.

 
“Keysight’s outstanding fourth quarter performance capped off an exceptional record year. We had record orders in the quarter and for the fiscal year. Despite an uncertain macroeconomic environment, we remain confident in the resilience of our business and the long-term growth trends in our markets,” said Satish Dhanasekaran, Keysight’s president and CEO.

# Fourth Quarter Financial Summary
– Revenue grew 11 percent to reach $1.44 billion, compared with $1.29 billion last year, or 15 percent on a core basis, which excludes the impact of foreign currency changes and revenue associated with businesses acquired or divested within the last twelve months.
– GAAP net income was $299 million, compared with $282 million, in the fourth quarter of 2021.
– Non-GAAP net income was $386 million, compared with $338 million in the fourth quarter of 2021.

# Fiscal Year 2022 Financial Summary
– Revenue grew 10 percent and totaled $5.42 billion, compared with $4.94 billion last year, or 12 percent on a core basis.
– GAAP net income was $1.12 billion, compared with $894 million, in fiscal 2021.
– Non-GAAP net income was $1.39 billion, compared with $1.16 billion, in fiscal year 2021.
– Cash flow from operations was $1.14 billion, compared with $1.32 billion last year. Free cash flow was $959 million, compared with $1.15 billion in fiscal year 2021.

  • Communications Solutions Group (CSG)
    CSG reported revenue of $992 million in the fourth quarter, up 8 percent over last year, driven by 5G platform strength, continued O-RAN adoption, and investment in 800G and 1.6 Terabit R&D, as well as spectrum operations, cybersecurity, space, and satellite solutions. CSG reported growth across all regions.
  • Electronic Industrial Solutions Group (EISG)
    EISG reported revenue of $451 million in the fourth quarter, up 20 percent over last year, driven by next-generation automotive and energy technologies, general electronics, and semiconductor solutions. EISG reported growth across all regions.