Keysight Technologies posted adjusted earnings of $2.01 per share for the third quarter, surpassing the consensus expectations of $1.79.
Revenue came in at $1.38 billion, beating the Street expectations of $1.34 billion. Growth was +10% year-over-year, and +13% on a core basis. The company’s revenue from Communications Solutions Group grew +11% from the year-ago quarter, on the back of solid performance of 5G, O-RAN, 400G, 800G, and high-speed digital applications, and cyber, space and satellite solutions.
Orders climbed +12% year-over-year to $1.46 billion, or +14% on a core basis.
For full fiscal year 2022, Keysight is expecting revenue growth to be approach 9%. It projects non-GAAP earnings per share growth at +20%.