Keysight CEO Ron Nersesian reveals new business goals

Keysight at MWC 2018Keysight Technologies CEO Ron Nersesian has revealed the test and measurement company’s new business goals.

Keysight said it will achieve the increased its long-term operating model expectations by no later than 2021.

New goals

# Organic revenue growth at 4-5 percent CAGR against 4 percent CAGR earlier

# Non-GAAP operating margin of 22-23 percent against 18-19 percent earlier

# Non-GAAP earnings per share to grow greater than or equal to 10 percent against 8-10 percent earlier

Ron Nersesian, chief executive officer of Keysight said: “With our first-to-market advantage and end-to-end portfolio of solutions, we are well-aligned with growing market trends where customers are investing in next-generation electronic technologies such as 5G, automotive, IoT and data centers.”

Keysight revenue grew 15 percent to $837 million with net income of $94 million in the first fiscal quarter of 2018 ended January 31, 2018.

Ron Nersesian said the company’s order growth accelerated to 39 percent overall and 16 percent on a core basis driven by strength in key focus areas including 5G, automotive & energy and aerospace and defense.

Keysight’s Communications Solutions Group (CSG) revenue was $420 million compared to $434 million — impacted by the disruption in production due to the Northern California wildfires. Order growth for this segment was strong across both of its end-markets, resulting in growing backlog.

Electronic Industrial Solutions Group (EISG) revenue grew 6 percent to $203 million led by automotive & energy and semiconductor measurement solutions, offset by a slight decline in general electronics measurement.

Ixia Solutions Group (ISG) revenue was $127 million in the first quarter. ISG saw increased shipments for its high-speed Ethernet 400G test solutions and overall, support renewals reached a new record.

Services Solutions Group (SSG) revenue grew 6 percent to $106 million driven by increase in sales for remarketed solutions and calibration and regional strength in the Americas and Asia Pacific.

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