Summary
Keysight Technologies, Inc. (KEYS) filed an 8-K on June 6, 2017, to report its financial results for the second fiscal quarter ended April 30, 2017. The filing primarily references a press release (Exhibit 99.1) which details these results. A key aspect of the report is Keysight's emphasis on providing non-GAAP financial information. The company believes this approach offers investors a clearer view of operational performance by excluding items like acquisition and integration costs, amortization, and share-based compensation. This non-GAAP perspective is used by management to assess ongoing business performance and make strategic decisions, allowing for better comparisons to historical results and competitors.
Key Highlights
- 1Keysight Technologies announced its financial results for the second fiscal quarter ended April 30, 2017.
- 2The company provided both GAAP and non-GAAP financial information to investors.
- 3Non-GAAP measures are presented to offer a supplemental view of operational performance, excluding certain expenses.
- 4Exclusions in non-GAAP reporting include acquisition and integration costs, amortization, and share-based compensation.
- 5Management utilizes non-GAAP figures for internal performance comparisons and strategic decision-making.
- 6The press release containing the detailed financial results is attached as Exhibit 99.1.
- 7The furnished information is not deemed 'filed' for regulatory purposes under Section 18 of the Securities Exchange Act.
Frequently Asked Questions
The primary purpose of this 8-K filing is to announce Keysight Technologies' financial results for the second fiscal quarter ended April 30, 2017, and to furnish the accompanying press release which contains these details.
Keysight provides non-GAAP financial information to offer investors supplemental insights into their operational performance and to enhance understanding of the company's core financial performance and future prospects, as viewed by management.
Keysight's non-GAAP measures exclude items that may materially affect GAAP results, such as acquisition and integration costs, amortization, and share-based compensation. These items are monitored by management but not used to measure ongoing operating performance.
Keysight states that the non-GAAP information they provide may differ from the non-GAAP information presented by other companies, encouraging investors to review their specific explanations.