What is the main purpose of this 8-K filing?

The main purpose of this 8-K filing is to officially announce and provide the financial results for Keysight Technologies' fourth fiscal quarter ended October 31, 2021, through an accompanying press release (Exhibit 99.1).

Why does Keysight provide non-GAAP financial information?

Keysight provides non-GAAP financial information to offer a supplemental view of its operational performance that management believes provides greater transparency and enhances investors' understanding of the company's core financial performance and future prospects, free from certain non-recurring or non-operational items.

What types of expenses are excluded in Keysight's non-GAAP measures?

Keysight's non-GAAP measures typically exclude expenses such as amortization of acquisition-related balances, share-based compensation, acquisition and integration costs, and restructuring and related costs, among other potential one-time adjustments.

Where can I find the detailed financial results and commentary?

The detailed financial results, including both GAAP and non-GAAP figures, along with management's commentary and explanations of the non-GAAP measures, are available in the press release attached as Exhibit 99.1 to this 8-K filing.

KEYS 8-K: Earnings & Results

Summary

Keysight Technologies, Inc. (KEYS) filed an 8-K on November 22, 2021, to announce its financial results for the fourth fiscal quarter ended October 31, 2021. The report primarily serves to furnish the press release detailing these results, emphasizing the company's use of non-GAAP financial measures. These non-GAAP measures, which exclude items like acquisition-related amortization, share-based compensation, and restructuring costs, are provided to offer investors a clearer view of the company's core operational performance and future prospects, as assessed by management. Investors are encouraged to review the accompanying press release (Exhibit 99.1) for a comprehensive understanding of both GAAP and non-GAAP figures and management's commentary on performance. The company's rationale for presenting non-GAAP information is to enhance transparency and provide a more meaningful supplemental view of operational performance. Management utilizes these metrics for internal comparisons, competitor analysis, and investor guidance, believing it allows for a better understanding of the company's ongoing financial health and strategic direction. While these measures offer insights into management's perspective, they are not a substitute for GAAP reporting and may differ from non-GAAP measures presented by other companies.

Key Highlights

1Keysight Technologies announced its financial results for the fourth fiscal quarter ended October 31, 2021, via an 8-K filing.
2The filing primarily includes a press release (Exhibit 99.1) detailing the company's financial performance.
3Keysight utilizes non-GAAP financial measures to supplement GAAP results, aiming to provide greater transparency into operational performance.
4Non-GAAP measures exclude items such as amortization of acquisition-related balances, share-based compensation, and restructuring costs.
5The company believes non-GAAP reporting enhances investor understanding of core performance and future prospects, as viewed by management.
6Investors are directed to the press release for detailed financial information and explanations of non-GAAP methodologies.
7The 8-K also includes interactive data files in XBRL format as required.

Keysight Technologies, Inc. 8-K Report, Financial Results (Nov 22, 2021)

Summary

Key Highlights

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