8-KEarnings & ResultsExhibits & Filings

Keysight Technologies, Inc. 8-K Report, Financial Results (Feb 24, 2020)

Filed February 24, 2020For Securities:KEYS

Summary

Keysight Technologies, Inc. (KEYS) has filed an 8-K report on February 24, 2020, to announce its financial results for the first fiscal quarter ended January 31, 2020. The filing primarily consists of a press release (Exhibit 99.1) detailing these results. The company emphasizes its use of non-GAAP financial measures, explaining that these are provided to offer investors a clearer view of operational performance and future prospects by excluding certain items like acquisition-related costs, share-based compensation, and restructuring expenses. Investors should note that while GAAP results are also presented, management utilizes these non-GAAP metrics for internal performance assessments, comparisons with competitors, and guidance. The non-GAAP information, as presented, aims to provide supplemental insight into the company's core financial performance, although it may differ from non-GAAP reporting by other companies. The report also includes standard XBRL interactive data files.

Key Highlights

  • 1Keysight Technologies reported financial results for the first fiscal quarter ended January 31, 2020, via an 8-K filing.
  • 2The primary content of the filing is a press release (Exhibit 99.1) containing the quarterly financial results.
  • 3The company utilizes and provides non-GAAP financial information to supplement GAAP results.
  • 4Non-GAAP measures are used by management to assess operational performance, compare with peers, and guide investors.
  • 5Key exclusions in non-GAAP reporting include amortization of acquisition-related balances, share-based compensation, and restructuring costs.
  • 6The filing indicates that non-GAAP information provided may differ from that of other companies.
  • 7Included are XBRL interactive data files for enhanced transparency.

Frequently Asked Questions

The main purpose of this 8-K filing is to announce Keysight Technologies' financial results for the first fiscal quarter ended January 31, 2020, and to provide the accompanying press release as an exhibit.

Keysight provides non-GAAP financial information to offer investors supplemental insights into their operational performance and future prospects. Management uses these measures internally to assess core financial performance, make comparisons to historical results and competitors, and guide investors, believing it enhances understanding beyond GAAP reporting.

Keysight's non-GAAP financial measures typically exclude items such as amortization of acquisition-related balances, share-based compensation, acquisition and integration costs, restructuring and related costs, and any specific event impacts like Northern California wildfire-related charges.

The filing notes that while non-GAAP information is provided for greater transparency, it may differ from the non-GAAP information presented by other companies. Investors should therefore exercise caution when making direct comparisons.