Summary
Keysight Technologies, Inc. (KEYS) filed an 8-K on December 6, 2017, to announce its financial results for the fourth fiscal quarter and the full fiscal year 2017, both ending October 31, 2017. The filing primarily consists of a press release (Exhibit 99.1) detailing these results and includes a discussion of non-GAAP financial measures, which the company uses to provide supplemental insights into operational performance and future prospects, believing it aligns with management's view and aids investor understanding. While the specific financial figures for Q4 and FY2017 are contained within the furnished Exhibit 99.1 and not detailed in the text of the 8-K itself, the purpose of this filing is to officially report these outcomes. Investors should note the company's emphasis on non-GAAP metrics, which exclude items like acquisition costs, amortization, and share-based compensation, to offer a clearer view of ongoing operational performance. The company encourages investors to review these non-GAAP figures alongside GAAP results for a comprehensive understanding.
Key Highlights
- 1Keysight Technologies announced financial results for Q4 FY2017 and full Fiscal Year 2017.
- 2The company issued a press release (Exhibit 99.1) detailing these financial results.
- 3The filing emphasizes the use of non-GAAP financial information to supplement GAAP results.
- 4Non-GAAP measures are presented to offer a clearer view of operational performance and future prospects.
- 5Excluded from non-GAAP measures are items such as acquisition and integration costs, amortization, and share-based compensation.
- 6The company believes non-GAAP information provides greater transparency and aligns with management's view of performance.
- 7Investors are advised to consider both GAAP and non-GAAP figures for a complete financial picture.