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.