Summary
Keysight Technologies, Inc. (KEYS) has announced an organizational change that will impact its financial reporting structure. Effective with the first quarter of fiscal year 2020, the company will consolidate its Ixia Solutions Group (ISG) into the Communications Solutions Group (CSG). This strategic move is intended to improve go-to-market strategies, product development alignment, and accelerate solution synergies, particularly in the rapidly evolving 5G market. As a result of this realignment, Keysight will now report two distinct operating segments: the Communications Solutions Group (CSG) and the Electronic Industrial Solutions Group (EISG). The filing also includes furnished historical financial segment information under this new structure for fiscal years 2017, 2018, and 2019, allowing investors to assess performance trends under the revised reporting framework. This information is furnished and not deemed 'filed' under SEC rules.
Key Highlights
- 1Keysight Technologies is reorganizing its reporting segments, integrating the Ixia Solutions Group into the Communications Solutions Group.
- 2The change is effective beginning in the first quarter of fiscal year 2020.
- 3The company anticipates improved go-to-market and product development alignment from this consolidation.
- 4The strategic intent is to accelerate solution synergies, especially for 5G deployments.
- 5Keysight will now have two reportable operating segments: Communications Solutions Group (CSG) and Electronic Industrial Solutions Group (EISG).
- 6Historical financial data under the new segment structure for FY17, FY18, and FY19 is provided.
- 7The provided financial information is furnished and not considered 'filed' for certain SEC purposes.