Summary
Keysight Technologies, Inc. (KEYS) has filed an 8-K report on May 29, 2019, to announce its financial results for the second fiscal quarter ended April 30, 2019. The report primarily contains a press release detailing these results and also explains the company's use of non-GAAP financial measures. Investors should note that the company utilizes non-GAAP figures to provide a clearer view of its operational performance and core financial results, excluding items such as amortization, share-based compensation, acquisition costs, and restructuring expenses. The company emphasizes that these non-GAAP measures are intended to supplement, not replace, GAAP reporting, and are used by management for internal comparisons, competitor analysis, and investor guidance. While providing additional transparency, investors are cautioned that these non-GAAP figures may differ from those reported by other companies. The full details of the financial results and the reconciliation between GAAP and non-GAAP measures are available in Exhibit 99.1 attached to this filing.
Key Highlights
- 1Keysight Technologies announced its financial results for the second fiscal quarter ended April 30, 2019.
- 2The 8-K filing includes a press release (Exhibit 99.1) containing the detailed financial results.
- 3The company provides and explains its use of non-GAAP financial information to offer supplemental insights into operational performance.
- 4Non-GAAP measures exclude items like amortization, share-based compensation, acquisition costs, and restructuring costs.
- 5Management uses non-GAAP metrics for internal performance assessment, competitor benchmarking, and investor guidance.
- 6Investors are advised that non-GAAP information is not a substitute for GAAP and may differ from other companies' non-GAAP reporting.
- 7The filing serves as a notification of the results announcement and provides access to the detailed press release.