Keysight Technologies reported solid third quarter results with revenue of $1.38 billion, flat compared to last year but a 1% core growth. GAAP net income was $288 million, or $1.61 per share, while non-GAAP net income was $393 million, or $2.19 per share.
Revenue of $1.38 billion was flat compared with last year, and grew 1 percent on a core basis.
GAAP net income was $288 million, or $1.61 per share.
Non-GAAP net income was $393 million, or $2.19 per share.
Cash and cash equivalents totaled $2.57 billion as of July 31, 2023.
Keysight’s fourth fiscal quarter of 2023 revenue is expected to be in the range of $1.29 billion to $1.31 billion. Non-GAAP earnings per share for the fourth fiscal quarter of 2023 are expected to be in the range of $1.83 to $1.89.
Visualization of income flow from segment revenue to net income