8-KEarnings & ResultsExhibits & Filings

Keysight Technologies, Inc. 8-K Report, Financial Results (Aug 17, 2016)

Filed August 17, 2016For Securities:KEYS

Summary

Keysight Technologies, Inc. filed an 8-K on August 17, 2016, to announce its financial results for the third fiscal quarter ended July 31, 2016. The report primarily references a press release (Exhibit 99.1) that details these results. A significant aspect of the filing is the Company's emphasis on providing non-GAAP financial information alongside traditional GAAP figures. Keysight believes this non-GAAP data offers investors a clearer view of operational performance and future prospects by excluding items like restructuring costs, amortization, and share-based compensation, which management uses for internal and competitive comparisons but not for ongoing operational performance measurement. Investors should note that while the non-GAAP information is presented to enhance understanding, it is not a substitute for GAAP-based reporting and may differ from non-GAAP measures used by other companies. The full details of the quarterly results and a further explanation of the non-GAAP methodologies are available in the furnished press release.

Key Highlights

  • 1Keysight Technologies announced Q3 fiscal year 2016 financial results via an 8-K filing on August 17, 2016.
  • 2The primary disclosure mechanism was a press release (Exhibit 99.1) attached to the 8-K.
  • 3The company provided both GAAP and non-GAAP financial results.
  • 4Keysight emphasized the importance of non-GAAP measures for investor understanding of operational performance.
  • 5Non-GAAP figures exclude items such as restructuring costs, amortization, and share-based compensation.
  • 6Management uses non-GAAP measures for internal and competitive performance comparisons.
  • 7The non-GAAP information is supplementary and may differ from other companies' non-GAAP reporting.

Frequently Asked Questions

The main purpose of this 8-K filing is to formally announce Keysight Technologies' financial results for the third fiscal quarter ended July 31, 2016, as detailed in an accompanying press release.

Keysight provides non-GAAP financial information to offer investors a supplemental view of the company's operational performance and future prospects. They believe it helps investors understand the core financial performance by excluding certain expenses that management does not use to measure ongoing operating performance, such as restructuring costs, amortization, and share-based compensation.

No, the non-GAAP information provided by Keysight is not in accordance with, or an alternative for, Generally Accepted Accounting Principles (GAAP) in the United States. It is a supplementary measure that excludes specific items that may materially affect GAAP-calculated results.

The detailed financial results for the third fiscal quarter ended July 31, 2016, are provided in the press release attached as Exhibit 99.1 to this 8-K filing.