The revenue performance of Keysight Technologies in the second quarter of fiscal 2016 shows weakness in the global telecom sector.

Test and measurement vendor Keysight Technologies today reported revenue of $731 million (–1 percent) in the second fiscal quarter ended April 30, 2016.

The US-based Keysight Technologies generated $160 million (+3 percent) revenue from Aerospace & Defense business, $323 million (–4 percent) from Industrial / Computer / Semi-conductor and $248 million (flat growth) from Communications.

Keysight Technologies generated $257 million (–9 percent) revenue from Americas, $136 million (+11 percent) from Europe, $85 million (–7 percent) from Japan, $253 million (+4 percent) from Asia Pacific ex-Japan including India and China.

“Keysight delivered second quarter results with revenue and earnings at the high-end of our guidance range as we continued to navigate a challenging market environment and execute on our strategy to transform our business. We achieved measurable progress on our key growth initiatives while maintaining our focus on operating discipline,” said Ron Nersesian, president and CEO of Keysight Technologies.

The company said communications market revenue was flat — driven by the acquisition of Anite and increased 5G sales, which was partially offset by the expected cautious capital spending sentiment.

Aerospace & Defense market revenue grew 3 percent driven by strength in Asia combined with consistent spend among prime contractor customers in North America.

Industrial, computer and semiconductor market revenue declined 4 percent driven by market softness in the computer and semiconductor markets.

Keysight said its third quarter 2016 revenue is expected to be in the range of $697 million to $737 million.

Baburajan K