The company said its revenue for fiscal 2024 was $4,979 million, down 9% from the prior year, and its net income was $614 million, down 42%. It cited lower revenue, acquisition and integration costs, and restructuring costs as the main factors behind the decline in net income.

1. 01

   The company said its revenue for fiscal 2024 was $4,979 million, down 9% from the prior year, and its net income was $614 million, down 42%. It cited lower revenue, acquisition and integration costs, and restructuring costs as the main factors behind the decline in net income.

2. 02

   Keysight said it acquired all of the outstanding common stock of ESI Group SA in the first quarter of fiscal 2024 for $935 million, net of cash acquired, using existing cash. It said the acquisition resulted in incremental revenue of $141 million for the year.

3. 03

   The company said its effective tax rate was 29% for fiscal 2024 (22% for fiscal 2023). The rate reflected a one-time income tax charge of $315 million to adjust Singapore deferred tax asset values to an incentive tax rate. The charge was partially offset by a one-time income tax benefit of $165 million related to GILTI tax deductions and a release of Malaysia tax reserves of $61 million.

4. 04

   The company said cash flows from operating activities were $1,052 million in fiscal 2024 ($1,408 million in fiscal 2023). It said orders were $5,033 million, down 3% from the prior year. It also said acquisitions had a favorable impact of 4 percentage points on the change in orders.

Key figures

Fiscal year ended October 31, 2024

Revenue

$5.0B

Operating income

$833M

Net income

$614M

EPS

$3.51

Operating cash flow

$1.1B

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

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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