• Keysight Technologies announced its financial results for the second fiscal quarter ended April 30, 2022.
• Its quarterly revenue, up 11% from the same period last year, was $1.35 billion.
• The U.S.-based company expects its revenue to be between $1.33 billion and $1.35 billion in the third fiscal quarter of 2022.

 
Orders grew 9 percent to reach $1.46 billion, compared with $1.33 billion last year, or 11 percent on a core basis, which excludes the impact of foreign currency changes and orders associated with businesses acquired or divested within the last twelve months.

Revenue grew 11 percent to reach $1.35 billion, compared with $1.22 billion last year, or 12 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 $258 million, compared with $186 million, in the second quarter of 2021.

Non-GAAP net income was $334 million, compared with $270 million, in the second quarter of 2021.

As of April 30, 2022, cash and cash equivalents totaled $1.89 billion.
 

• Communications Solutions Group (CSG)
  CSG reported revenue of $963 million in the second quarter, up 10 percent over last year, driven by continued investments in 5G R&D and O-RAN adoption, new communications technologies such as 400G, 800G and terabit R&D, and wireline applications, as well as signal monitoring, cyber, space and satellite solutions. CSG reported growth across all regions.
• Electronic Industrial Solutions Group (EISG)
  EISG reported revenue of $388 million in the second quarter, up 13 percent over last year, driven by next-generation automotive and energy technologies and semiconductor measurement solutions. EISG reported growth across all regions.