Summary
Keysight Technologies, Inc. (KEYS) filed an 8-K on February 19, 2015, to report its financial results for the first fiscal quarter ended January 31, 2015. The filing primarily serves to attach a press release detailing these results. Importantly, Keysight emphasizes its use of non-GAAP financial information, stating it provides a more meaningful view of operational performance and future prospects by excluding items such as amortization and share-based compensation. This non-GAAP view is presented alongside GAAP results to offer investors a more comprehensive understanding, as used by management for internal and competitive comparisons.
Key Highlights
- 1Keysight Technologies reported financial results for its first fiscal quarter ended January 31, 2015, via a press release filed as an exhibit.
- 2The company utilizes and provides non-GAAP financial information to offer supplemental insights into operational performance and future outlook.
- 3Non-GAAP measures are presented to give investors insight into how management assesses core financial performance.
- 4Exclusions in non-GAAP reporting include items like amortization and share-based compensation, which can materially impact GAAP figures.
- 5Management monitors excluded GAAP items but does not use them for measuring ongoing operating performance.
- 6The non-GAAP information provided by Keysight may differ from that of other companies.
- 7The press release (Exhibit 99.1) contains the detailed financial results and explanations of non-GAAP measures.
Frequently Asked Questions
The main purpose of this 8-K filing is to report Keysight Technologies' financial results for the first fiscal quarter ended January 31, 2015, by attaching the press release containing these results as an exhibit.
Keysight provides non-GAAP financial information to offer investors a more meaningful view of its operational performance and future prospects. Management uses these measures to assess core financial performance, allowing for internal and competitive comparisons that may differ from standard GAAP reporting.
Keysight's non-GAAP financial measures typically exclude items that may have a material effect on expenses and income, such as amortization and share-based compensation. While management monitors these items for GAAP reporting, they are not used for measuring ongoing operating performance in the non-GAAP view.
The detailed financial results and explanations for the non-GAAP measures are provided in the press release attached as Exhibit 99.1 to this 8-K filing.