SANTA ROSA, Calif.--(BUSINESS WIRE)--
Keysight Technologies, Inc. (NYSE: KEYS), a leading technology company
that helps enterprises, service providers and governments accelerate
innovation to connect and secure the world, announced highlights of its
investor day that it held today in New York City.
During today's event members of Keysight's senior management team
provided an in-depth overview of the company and its business segments,
as well as outlined Keysight's:
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Strategy to drive profitable growth
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Capital allocation priorities
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Increased long-term operating model expectations
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Keysight Leadership Model
“Over the past three years, we have executed our strategy to transform
Keysight for growth, which included shifting to a solution-centric
go-to-market approach, developing many industry-first innovations in key
segments of the market and strengthening our portfolio through
acquisitions,” said Ron Nersesian, president and chief executive
officer. “With our first-to-market advantage and end-to-end portfolio of
solutions, we are well-aligned with growing market trends where
customers are investing in next-generation electronic technologies such
as 5G, automotive, IoT and data centers.”
Nersesian continued, “Our vision of combining over 75 years of
experience at the forefront of the communication revolution with
software and people to deliver leading-edge insights and solutions for
our customers is yielding results. We are also pleased to be in a
position to return capital to shareholders through a new $350 million
share repurchase program.”
Increasing Long-Term Targets
Based on the Company’s strategic execution to date and strong momentum,
Keysight increased its long-term operating model expectations, which it
expects to achieve by no later than 2021.
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Organic revenue growth is now expected to be sustainable at a 4 to 5
percent CAGR, compared with the prior model of a 4 percent CAGR
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Non-GAAP operating margin is expected to be in the range of 22 percent
to 23 percent, compared with the prior model of 18 percent to 19
percent
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Non-GAAP earnings per share is expected to grow greater than or equal
to 10 percent, compared with the prior model of 8 percent to 10 percent
Keysight Leadership Model
Keysight customers are leaders in technology. They are the visionaries
and innovators who have achieved breakthroughs that connect and secure
the world. To accelerate their innovation, Keysight must anticipate
technology trends and be ready with leading-edge solutions ahead of
market windows, forging deep relationships to provide them the insights
to be first and best. The Keysight Leadership Model (KLM) is the
company's enabler to continuously deliver greater value to customers,
shareholders and employees. It is the philosophy that permeates every
aspect of our operations - driving innovation, speed and excellence in
execution.
The investor day presentation and related materials are available at www.investor.keysight.com.
Forward-Looking Statements
This communication contains forward-looking statements as defined in the
Securities Exchange Act of 1934 and is subject to the safe harbors
created therein. These forward-looking statements involve risks and
uncertainties that could significantly affect the expected results and
are based on certain key assumptions of Keysight’s management and on
currently available information. Due to such uncertainties and risks, no
assurances can be given that such expectations or assumptions will prove
to have been correct and readers are cautioned not to place undue
reliance on such forward-looking statements, which speak only as of the
date hereof. Keysight undertakes no responsibility to publicly update or
revise any forward-looking statement. The forward-looking statements
contained herein include, but are not limited to, information and future
guidance on the company’s share repurchase program, capital allocation,
goals, priorities, demand, the continued strengths and expected growth
of the markets the company sells into, operations, financial condition,
revenues, earnings, operating margins, operating earnings and tax rates
that involve risks and uncertainties that could cause Keysight’s results
to differ materially from management’s current expectations. Such risks
and uncertainties include, but are not limited to, changes in the demand
for current and new products, technologies and services; customer
purchasing decisions and timing, and the risk that we are not able to
realize the savings or benefits expected from integration or
restructuring activities. The words “estimate,” “expect,” “intend,”
“will,” “should,” “forecast” and similar expressions, as they relate to
the company, are intended to identify forward-looking statements.
In addition to the risks above, other risks that Keysight faces include
those detailed in Keysight’s filings with the Securities and Exchange
Commission, including our Form 10-K for the fiscal year ended Oct. 31,
2017.
About Keysight Technologies
Keysight Technologies, Inc. (NYSE: KEYS) is a leading technology company
that helps its engineering, enterprise and service provider customers
accelerate innovation to connect and secure the world. Keysight’s
solutions optimize networks and bring electronic products to market
faster and at a lower cost with offerings from design simulation, to
prototype validation, to manufacturing test, to optimization in networks
and cloud environments. Customers span the worldwide communications
ecosystem, aerospace and defense, automotive, energy, semiconductor and
general electronics end markets. Keysight generated revenues of $3.2B in
fiscal year 2017. In April 2017, Keysight acquired Ixia, a leader in
network test, visibility and security. More information is available at www.keysight.com
Additional information about Keysight Technologies is available in the
newsroom at www.keysight.com/go/news and
on Facebook, Google+, LinkedIn, Twitter and YouTube.
Source: IR-KEYS

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Source: Keysight Technologies, Inc.