Keysight Technologies (NYSE: KEYS) on May 19 reported 2016 fiscal-year second-quarter profit of $88 million, equivalent to 61 cents a share, exceeding expectations of many analysts.

In its sixth quarter as an independent company apart from Agilent, Keysight saw its revenue dip to $731 million compared to $740 million revenue in the same quarter of 2015.

Keysight (keysight.com), a Santa Rosa-based global electronic-measurement-technology company, had revenue of $2.9 billion for all of fiscal 2015. The company separated from parent Agilent Technologies in November 2014.

In the three segments of its business, Keysight communications sales climbed 2 percent to $252 million, aerospace and defense business rose 3 percent to $160 million, and industrial, computers and semiconductor revenue declined 4 percent to $323 million.

The communications market, including wireless, is $5 billion worldwide. The aerospace and defense market is $3 billion. Industrial, computers and semiconductor market is $5.5 billion. Keysight’s combined total market is $13.5 billion.

About 20 percent of Keysight revenue comes from China, according to Guy Séné, Keysight’s senior vice president of measurement solutions and worldwide sales.

“In China we did see double-digit growth,” especially for research and development. “They are starting to build a semiconductor industry. This is a growth driver for us.” Optical communications business also accounts for growth in China for Keysight, he said.

“We did see a little uptick in Russia. I would not call this a trend yet,” Séné said.

“The whole market is still uncertain,” Séné said. “While we are seeing some strength, it’s difficult to become overly optimistic.”

By: DocMemory
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