Keysight Technologies reported its first quarter earnings that rose substantially from the year-ago quarter.
The electronics equipment company’s GAAP net income for the quarter came in at $1.24 per share, compared with $0.92 per share a year ago. Non-GAAP net income was $1.65 per share, also higher than $1.43 per share in the first quarter of 2021.
Revenue rose +6% from the year-ago quarter to $1.25 billion.
Orders surged +22% year-over-year to $1.50 billion.
The company’s revenue from the Communications Solutions Group (CSG) grew +3% year-over-year to $878 million in the first quarter, driven by continued investments in 5G, O-RAN adoption, 400G, 800G and terabit R&D, and wireline applications. Electronic Industrial Solutions Group (EISG) generated revenue of $372 million in the first quarter, up +13% from the year-ago quarter, on the back of strength in semiconductor measurement solutions and next-generation automotive and energy technologies, reporting growth across all regions.
Looking ahead, Keysight expects its second fiscal quarter revenue to be in the range of $1.29 billion to $1.31 billion. It projects non-GAAP earnings per share for the quarter to be in the range of $1.63 to $1.69.
KEYS's Aroon Indicator triggered a bullish signal on July 25, 2024. Tickeron's A.I.dvisor detected that the AroonUp green line is above 70 while the AroonDown red line is below 30. When the up indicator moves above 70 and the down indicator remains below 30, it is a sign that the stock could be setting up for a bullish move. Traders may want to buy the stock or look to buy calls options. A.I.dvisor looked at 330 similar instances where the Aroon Indicator showed a similar pattern. In of the 330 cases, the stock moved higher in the days that followed. This puts the odds of a move higher at .
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a provider of electronic measurement instruments and systems and related software, software design tools and services
Industry ElectronicEquipmentInstruments