Keysight Technologies, Inc. (NYSE: KEYS), a provider of test and measurement equipment, reported higher earnings and revenues for the second quarter of 2023.
- Second-quarter revenues increased 3% to $1.39 billion from $1.35 billion in the prior-year quarter
- Communications Solutions Group revenue was $937 million in the three-month period, down 3%
- Electronic Industrial Solutions Group revenue increased 17% from last year to $453 million
- Net income was $283 million or $1.58 per share in the April quarter, compared with $258 million or $1.41 per share last year
- Adjusted net income increased to $380 million or $2.12 per share from $334 million or $1.83 per share in the same period of 2022
- Cash and cash equivalents stood at $2.50 billion as of April 30, 2023