Summary
Keysight Technologies, Inc. (KEYS) has filed an 8-K report on August 17, 2023, primarily to announce its financial results for the third fiscal quarter ended July 31, 2023. The filing includes a press release (Exhibit 99.1) detailing these results, which are presented using both GAAP and non-GAAP measures. The company emphasizes its use of non-GAAP financial information to provide investors with a clearer view of core operational performance and future prospects, allowing for better comparisons to historical results and industry peers. While the 8-K itself does not contain the detailed financial figures, it directs investors to the accompanying press release for the specific revenue, earnings, and other key performance indicators for the quarter. The company also reiterates its commitment to transparency by explaining the adjustments made in its non-GAAP reporting, which typically exclude items like amortization, share-based compensation, and acquisition-related costs, offering a perspective on ongoing operational performance distinct from GAAP figures. Investors should refer to Exhibit 99.1 for the substantive financial data and management's commentary.
Key Highlights
- 1Keysight Technologies filed an 8-K on August 17, 2023, to report its Q3 fiscal year 2023 financial results.
- 2The report directs investors to Exhibit 99.1 (a press release) for detailed financial results for the quarter ended July 31, 2023.
- 3The company utilizes and provides non-GAAP financial measures alongside GAAP measures to offer supplemental insights into operational performance.
- 4Non-GAAP measures are presented to enhance investor understanding of core financial performance and future prospects.
- 5Keysight explains that its non-GAAP figures exclude items such as amortization of acquisition-related balances, share-based compensation, and acquisition/integration costs.
- 6This approach is used to facilitate internal and external comparisons of historical operating results and competitive performance.
- 7The filing also includes standard XBRL interactive data files and cover page exhibits.