Summary
Keysight Technologies, Inc. (KEYS) reported its first fiscal quarter results for the period ending January 31, 2017, via a press release on February 16, 2017. The filing, an 8-K, primarily served to furnish this press release, which contains the company's financial performance details. Keysight emphasized its use of non-GAAP financial information to provide investors with a clearer view of core operational performance and future prospects, aligning with how management assesses the business. Investors should note that the non-GAAP figures exclude certain items such as restructuring costs, amortization, and share-based compensation, which can materially impact GAAP results. While management monitors these excluded items for operational control, they are not used to measure ongoing performance. This approach aims to offer greater transparency and allow for better comparisons with historical results and industry peers. The detailed financial results themselves are contained within the furnished Exhibit 99.1.
Key Highlights
- 1Keysight Technologies filed an 8-K on February 16, 2017, to announce Q1 fiscal 2017 financial results.
- 2The primary content of the filing is a press release (Exhibit 99.1) detailing the company's financial performance.
- 3Keysight utilizes non-GAAP financial measures to present operational performance and future outlook.
- 4The company believes non-GAAP measures offer supplemental insights into core financial performance, as viewed by management.
- 5Non-GAAP results exclude items like restructuring costs, amortization, and share-based compensation.
- 6Management uses non-GAAP figures for internal performance assessments and comparisons with competitors and guidance.
- 7Information furnished in this 8-K is not deemed 'filed' for certain regulatory purposes.