SANTA ROSA, Calif.--(BUSINESS WIRE)--
Keysight Technologies, Inc. (NYSE: KEYS) today announced that it has
changed the reporting of its segment results to align the company’s
reporting segments with the company’s end markets and management
reporting structure. Beginning in the third quarter of fiscal year 2016,
the company will report operating results based on three segments:
Communications Solutions Group, Electronic Industrial Solutions Group
and Services Solutions Group.
The Communications Solutions Group serves customers spanning the
worldwide commercial communications end markets, which includes internet
infrastructure, and the aerospace, defense and government end markets.
The group provides electronic design and test software, instruments, and
systems used in the simulation, design, validation, manufacturing,
installation and optimization of electronic equipment.
The Electronic Industrial Solutions Group provides test and measurement
solutions across a broad set of electronic industrial end markets,
focusing on high-growth applications in the automotive and energy
industries, and measurement solutions for consumer electronics,
education and manufacturing, as well as semiconductor parametric
testing, nano-positioning metrology and material science. The group
provides electronic design and test software, instruments, and systems
used in the simulation, design, validation, manufacturing, installation
and optimization of electronic equipment.
The Services Solutions Group provides repair, calibration and consulting
services, and remarkets used Keysight equipment. The group serves the
same markets as Keysight’s communications and electronic industrial
solutions groups, providing industry-specific services to deliver
complete Keysight solutions and help customers reduce their total cost
of ownership for their design and test equipment. This segment was
formerly reported as the company’s Customer Support and Services segment.
The company will announce its financial results for the third quarter on
Aug. 17, and will report segment financial performance based on these
three operating segments.
Historical Financial Information
Historical financial segment information under the new operating segment
structure for the four quarters and the full year for fiscal years 2014
and 2015 and first half of fiscal 2016 is provided below. Additional
segment information is available on the company’s website at investor.keysight.com.
Keysight historical results in aggregate remain unchanged.
About Keysight Technologies
Keysight Technologies (NYSE: KEYS) is a global electronic measurement
technology and market leader helping to transform its customers’
measurement experience through innovations in wireless, modular, and
software solutions. Keysight’s electronic measurement instruments,
systems, software and services are used in the design, development,
manufacture, installation, deployment and operation of electronic
equipment. The business had revenues of $2.9 billion in fiscal year
2015. Information about Keysight is available at www.keysight.com.
Additional information about Keysight Technologies is available in the
newsroom at www.keysight.com/go/news.
Source: IR-KEYS
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Keysight Technologies, Inc.
Communications Solutions Group (CSG)
(Unaudited)
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(in millions, except margins data)
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FY2016
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|
|
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Q1
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Q2
|
|
Q3
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Q4
|
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Total
|
|
Net revenue
|
|
$
|
440
|
|
|
$
|
446
|
|
|
|
|
|
|
$
|
886
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|
|
Gross margin %
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|
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60.1
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%
|
|
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61.1
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%
|
|
|
|
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|
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60.6
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%
|
|
Income from operations
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|
$
|
78
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|
$
|
84
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|
|
|
|
|
|
$
|
162
|
|
|
Operating margin %
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|
|
17.7
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%
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18.9
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%
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|
|
|
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|
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18.3
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%
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Segment assets
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$
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1,744
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$
|
1,798
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FY2015
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Q1
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Q2
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Q3
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Q4(a)
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Total
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Net revenue
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$
|
425
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$
|
436
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|
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$
|
389
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|
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$
|
453
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$
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1,703
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Gross margin %
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58.4
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%
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59.6
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%
|
|
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59.9
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%
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|
|
60.7
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%
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|
|
59.7
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%
|
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Income from operations
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|
$
|
77
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|
|
$
|
91
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|
|
$
|
72
|
|
|
$
|
89
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|
|
$
|
329
|
|
|
Operating margin %
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|
18.2
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%
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|
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20.9
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%
|
|
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18.4
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%
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|
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19.8
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%
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|
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19.3
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%
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Segment assets
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$
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1,080
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|
$
|
1,093
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$
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1,229
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$
|
1,779
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|
|
|
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|
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FY2014
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|
|
|
Q1
|
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Q2
|
|
Q3
|
|
Q4
|
|
Total
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Net revenue
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$
|
393
|
|
|
$
|
432
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|
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$
|
475
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|
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$
|
467
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|
|
$
|
1,767
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|
|
Gross margin %
|
|
|
58.0
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%
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56.5
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%
|
|
|
56.6
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%
|
|
|
57.3
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%
|
|
|
57.1
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%
|
|
Income from operations
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|
$
|
62
|
|
|
$
|
72
|
|
|
$
|
93
|
|
|
$
|
96
|
|
|
$
|
323
|
|
|
Operating margin %
|
|
|
15.7
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%
|
|
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16.8
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%
|
|
|
19.5
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%
|
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20.5
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%
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18.3
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%
|
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Segment assets
|
|
$
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1,194
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$
|
1,224
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$
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1,233
|
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|
$
|
1,225
|
|
|
|
|
|
|
|
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(a) Beginning in the fourth quarter of fiscal year 2015, our
results include the acquisition of Anite which was completed on August
13, 2015.
Segment data reflect the results of our reportable segments under
Keysight's management reporting system which are not necessarily in
conformity with GAAP financial measures. Net revenue for Communications
Solutions Group excludes the impact of fair value adjustments to
acquisition related deferred revenue balances for the Anite acquisition
of $6 million for Q4'15, $5 million for Q1'16, and $4 million for Q2'16,
respectively. Income from operations of our reporting segments exclude,
among other things, charges related to the amortization of intangibles,
share based compensation, restructuring and related costs, asset
impairment, acquisition and integration costs, acquisition related fair
value adjustments and separation and related costs.
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Keysight Technologies, Inc.
Electronic Industrial Solutions Group (EISG)
(Unaudited)
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|
|
|
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(in millions, except margins data)
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FY2016
|
|
|
|
Q1
|
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Q2
|
|
Q3
|
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Q4
|
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Total
|
|
Net revenue
|
|
$
|
191
|
|
|
$
|
193
|
|
|
|
|
|
|
$
|
384
|
|
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Gross margin %
|
|
|
57.2
|
%
|
|
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59.4
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%
|
|
|
|
|
|
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58.3
|
%
|
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Income from operations
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$
|
38
|
|
|
$
|
40
|
|
|
|
|
|
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$
|
78
|
|
|
Operating margin %
|
|
|
19.7
|
%
|
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20.9
|
%
|
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|
|
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20.3
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%
|
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Segment assets
|
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$
|
748
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$
|
770
|
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|
|
|
|
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|
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|
|
|
|
|
|
|
|
|
|
|
|
|
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FY2015
|
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|
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Q1
|
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Q2
|
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Q3
|
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Q4(a)
|
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Total
|
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Net revenue
|
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$
|
181
|
|
|
$
|
202
|
|
|
$
|
175
|
|
|
$
|
200
|
|
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$
|
758
|
|
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Gross margin %
|
|
|
56.0
|
%
|
|
|
58.8
|
%
|
|
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57.3
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%
|
|
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59.5
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%
|
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58.0
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%
|
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Income from operations
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|
$
|
33
|
|
|
$
|
45
|
|
|
$
|
32
|
|
|
$
|
48
|
|
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$
|
158
|
|
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Operating margin %
|
|
|
18.3
|
%
|
|
|
22.3
|
%
|
|
|
18.5
|
%
|
|
|
23.9
|
%
|
|
|
20.9
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%
|
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Segment assets
|
|
$
|
497
|
|
|
$
|
521
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|
|
$
|
555
|
|
|
$
|
752
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FY2014
|
|
|
|
Q1
|
|
Q2
|
|
Q3
|
|
Q4
|
|
Total
|
|
Net revenue
|
|
$
|
181
|
|
|
$
|
208
|
|
|
$
|
181
|
|
|
$
|
196
|
|
|
$
|
766
|
|
|
Gross margin %
|
|
|
57.3
|
%
|
|
|
61.4
|
%
|
|
|
57.5
|
%
|
|
|
58.5
|
%
|
|
|
58.8
|
%
|
|
Income from operations
|
|
$
|
37
|
|
|
$
|
59
|
|
|
$
|
40
|
|
|
$
|
49
|
|
|
$
|
185
|
|
|
Operating margin %
|
|
|
20.5
|
%
|
|
|
28.2
|
%
|
|
|
22.3
|
%
|
|
|
25.3
|
%
|
|
|
24.2
|
%
|
|
Segment assets
|
|
$
|
518
|
|
|
$
|
533
|
|
|
$
|
510
|
|
|
$
|
515
|
|
|
|
(a) Beginning in the fourth quarter of fiscal year 2015, our
results include the acquisition of Anite which was completed on August
13, 2015.
Segment data reflect the results of our reportable segments under
Keysight's management reporting system which are not necessarily in
conformity with GAAP financial measures. Income from operations of our
reporting segments exclude, among other things, charges related to the
amortization of intangibles, share based compensation, restructuring and
related costs, asset impairment, acquisition and integration costs,
acquisition related fair value adjustments and separation and related
costs.
|
|
|
|
|
|
|
|
|
|
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Keysight Technologies, Inc.
Services Solutions Group (SSG)
(Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(in millions, except margins data)
|
|
FY2016
|
|
|
|
Q1
|
|
Q2
|
|
Q3
|
|
Q4
|
|
Total
|
|
Net revenue
|
|
$
|
95
|
|
|
$
|
96
|
|
|
|
|
|
|
$
|
191
|
|
|
Gross margin %
|
|
|
39.6
|
%
|
|
|
39.3
|
%
|
|
|
|
|
|
|
39.4
|
%
|
|
Income from operations
|
|
$
|
13
|
|
|
$
|
11
|
|
|
|
|
|
|
$
|
24
|
|
|
Operating margin %
|
|
|
13.9
|
%
|
|
|
11.2
|
%
|
|
|
|
|
|
|
12.6
|
%
|
|
Segment assets
|
|
$
|
257
|
|
|
$
|
267
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FY2015
|
|
|
|
Q1
|
|
Q2
|
|
Q3
|
|
Q4
|
|
Total
|
|
Net revenue
|
|
$
|
95
|
|
|
$
|
102
|
|
|
$
|
101
|
|
|
$
|
103
|
|
|
$
|
401
|
|
|
Gross margin %
|
|
|
42.0
|
%
|
|
|
43.8
|
%
|
|
|
42.7
|
%
|
|
|
43.1
|
%
|
|
|
42.9
|
%
|
|
Income from operations
|
|
$
|
14
|
|
|
$
|
18
|
|
|
$
|
20
|
|
|
$
|
20
|
|
|
$
|
72
|
|
|
Operating margin %
|
|
|
14.4
|
%
|
|
|
18.2
|
%
|
|
|
19.4
|
%
|
|
|
19.5
|
%
|
|
|
17.9
|
%
|
|
Segment assets
|
|
$
|
214
|
|
|
$
|
225
|
|
|
$
|
245
|
|
|
$
|
265
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FY2014
|
|
|
|
Q1
|
|
Q2
|
|
Q3
|
|
Q4
|
|
Total
|
|
Net revenue
|
|
$
|
97
|
|
|
$
|
103
|
|
|
$
|
101
|
|
|
$
|
99
|
|
|
$
|
400
|
|
|
Gross margin %
|
|
|
46.3
|
%
|
|
|
47.4
|
%
|
|
|
46.4
|
%
|
|
|
45.0
|
%
|
|
|
46.3
|
%
|
|
Income from operations
|
|
$
|
19
|
|
|
$
|
26
|
|
|
$
|
25
|
|
|
$
|
23
|
|
|
$
|
93
|
|
|
Operating margin %
|
|
|
20.0
|
%
|
|
|
25.0
|
%
|
|
|
24.4
|
%
|
|
|
23.0
|
%
|
|
|
23.1
|
%
|
|
Segment assets
|
|
$
|
217
|
|
|
$
|
219
|
|
|
$
|
220
|
|
|
$
|
236
|
|
|
|
Segment data reflect the results of our reportable segments under
Keysight's management reporting system which are not necessarily in
conformity with GAAP financial measures. Income from operations of our
reporting segments exclude, among other things, charges related to the
amortization of intangibles, share based compensation, restructuring and
related costs, asset impairment, acquisition and integration costs,
acquisition related fair value adjustments and separation and related
costs.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160803006243/en/
Source: Keysight Technologies, Inc.