Keysight Technologies Reports Strong Performance in Q2 2024 Financial Results
Tuesday, 21 May 2024, 15:10
KEYS Earnings: Keysight Technologies Q2 2024 Financial Results
Keysight Technologies, Inc. (NYSE: KEYS), a leading test and measurement equipment provider, has released its financial results for the second quarter of 2024.
Key Highlights:
- April-quarter revenue decreased to $1.22 billion from $1.39 billion in the same quarter last year.
- Net income dropped to $126 million or $0.72 per share in Q2 from $283 million or $1.58 per share in the previous year.
- Adjusted net income stood at $247 million or $1.41 per share, down from $380 million or $2.12 per share in Q2 2023.
- Cash flow from operations was $110 million, a decrease from $423 million in the year-ago period.
- Free cash flow also declined to $74 million in the second quarter compared to $370 million in Q2 2023.
- The company's cash and cash equivalents as of April 30, 2024, were reported to be $1.66 billion.
Outlook: For Q3 2024, Keysight Technologies forecasts revenue in the range of $1.18 billion to $1.20 billion, with adjusted earnings per share expected to be between $1.30 and $1.36.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.