Keysight Technologies, Inc. posted second-quarter fiscal 2022 (ended Apr 30, 2022) earnings surpassed Zacks Consensus expectations. Revenue, too beat estimates.
The net income came in at $1.83, beating the Zacks Consensus Estimate by 16 cents.
Revenue rose +11% year over year to $1,351 million, exceeding the Zacks Consensus Estimate of $1,302 million.
The Communications Solutions Group grew +9.8% to $963 million in revenues. The Electronic Industrial Solutions Group was up +12.8% to $388 million on the back of automotive and semiconductor solutions.
For the third quarter of fiscal 2022, Keysight projects revenues in the range of $1,330-$1,350 million. The company expects non-GAAP earnings between $1.74 and $1.80 per share.