The company said revenue for fiscal 2024 Q1 (the 3 months ended January 31, 2024) was $1,259 million, down from $1,381 million a year earlier, and GAAP net income was $172 million, or $0.98 per diluted share, lower than $260 million ($1.45).

1. 01

   The company said revenue for fiscal 2024 Q1 (the 3 months ended January 31, 2024) was $1,259 million, down from $1,381 million a year earlier, and GAAP net income was $172 million, or $0.98 per diluted share, lower than $260 million ($1.45).

2. 02

   Keysight said Communications Solutions Group revenue was $839 million, down 11% from a year earlier, and Electronic Industrial Solutions Group revenue was $420 million, down 5%. For EISG, it said continued constraint in semiconductor and manufacturing-related customer spending was partially offset by the addition of ESI.

3. 03

   The company said cash flow from operations for fiscal 2024 Q1 was $328 million, lower than $366 million a year earlier, and free cash flow was $281 million, lower than $306 million. As of January 31, 2024, cash and cash equivalents totaled $1.75 billion.

4. 04

   The company guided for Q2 revenue of $1.19 billion to $1.21 billion in fiscal 2024 and non-GAAP earnings per share of $1.34 to $1.40. The outlook is based on a weighted diluted share count of about 175 million shares.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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