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KEYS NYSE· Keysight Technologies Inc.
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KEYS NYSE· Keysight Technologies Inc.
Earnings report Q4 2023

KEYSIGHT TECHNOLOGIES, INC. Reports Strong Revenue Growth in Latest Quarter

Segments of revenue

In the latest quarter, KEYSIGHT TECHNOLOGIES, INC. reported total revenue of $5.46 billion. This consisted of $4.34 billion from products and $1.13 billion from services and other.

Strengths

KEYSIGHT TECHNOLOGIES, INC. demonstrated strong revenue growth in the latest quarter, with a 5% increase compared to the previous year. This growth was primarily driven by a 9% increase in product revenue, reflecting the company's ability to meet customer demands in the general electronics and semiconductor sectors. The company's management attributes this growth to their Keysight Leadership Model (KLM), which focuses on delivering customer success through a continuous activity system and core values.

Challenges

While KEYSIGHT TECHNOLOGIES, INC. experienced overall revenue growth, the company faced challenges in the services and other segment. Revenue in this segment increased by only 9%, compared to a 9% increase in the previous year. This slower growth may indicate potential challenges in expanding the company's service offerings or capturing a larger market share in this segment.

Noteworthy

It is worth noting that KEYSIGHT TECHNOLOGIES, INC. has a strong market presence, as evidenced by its listing on the New York Stock Exchange with the ticker symbol "KEYS." As of December 12, 2023, the company had 16,230 shareholders of record. Additionally, the company's stock price performance has been favorable, with a cumulative 5-year total stockholder return that outperformed both the S&P 500 Index and the S&P 500 Information Technology Index.

Summary

KEYSIGHT TECHNOLOGIES, INC. delivered a strong performance in the latest quarter, with significant revenue growth driven by increased product sales. The company's focus on customer success through its Keysight Leadership Model has contributed to its ability to meet customer demands in the general electronics and semiconductor sectors. However, challenges remain in the services and other segment, where revenue growth was slower compared to the previous year. Overall, KEYSIGHT TECHNOLOGIES, INC. continues to demonstrate its market strength and favorable stock price performance.

Source documents

Form 10-K  filed on Dec 15, 2023
82 pages scanned

Reference data

Company financials Q4 revenue 1.26B
Analyst estimates Q4 EPS missed by -12.87%
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