Summary
Keysight Technologies, Inc. (KEYS) filed an 8-K on August 19, 2015, to announce its financial results for the third fiscal quarter ended July 31, 2015. The filing primarily consists of a press release (Exhibit 99.1) detailing these results and explaining the company's use of non-GAAP financial measures. The company emphasizes that these non-GAAP figures are provided to offer a clearer view of operational performance and are used by management for internal comparisons and strategic decision-making, aiming to enhance investor understanding of core financial performance and future prospects. The press release, as referenced in the 8-K, serves as the primary source of detailed financial information. Investors should note that the non-GAAP measures exclude items such as restructuring costs, amortization, and share-based compensation, which can materially impact GAAP results. While these excluded items are monitored by management, they are not used to assess ongoing operating performance. The company clarifies that its non-GAAP reporting may differ from that of other companies and directs readers to Exhibit 99.1 for a comprehensive explanation.
Key Highlights
- 1Keysight Technologies announced its Q3 fiscal 2015 financial results via an 8-K filing on August 19, 2015.
- 2The filing includes a press release (Exhibit 99.1) with the detailed financial results.
- 3The company provided non-GAAP financial information to supplement GAAP results.
- 4Non-GAAP measures are intended to enhance investor understanding of core operational performance and future prospects.
- 5Management uses non-GAAP measures for internal comparisons and decision-making.
- 6Excluded from non-GAAP results are items like restructuring costs, amortization, and share-based compensation.
- 7The company advises that its non-GAAP reporting may differ from other companies.