Test and measurement company Keysight Technologies reported financial results for the third fiscal quarter of 2021 ended July 31, 2021.
“Keysight’s first-to-market, software-centric solutions strategy continues to yield consistently strong results. The durability of our business model was again on full display this quarter,” said Ron Nersesian, Keysight’s Chairman, President and CEO.
Keysight said orders grew 23 percent to reach $1.31 billion, compared with $1.07 billion last year.
Keysight said revenue grew 23 percent to reach $1.25 billion, compared with $1.01 billion last year.
Keysight said Communications Solutions Group (CSG) reported revenue of $875 million in the third quarter, up 15 percent over last year, driven by continued investment in global 5G deployments, the roll-out of new 5G chipsets and devices, 400G and 800G ethernet for data centers, as well as early 6G research, space, electromagnetic spectrum operations, and satellite applications.
Keysight said Electronic Industrial Solutions Group (EISG) reported revenue of $371 million in the third quarter, up 48 percent over last year, driven by ongoing macroeconomic recovery across all regions, and strong double-digit growth in semiconductor, general electronics, and automotive and energy solutions.
Keysight generated 44 percent of the third quarter revenue from Asia Pacific, 40 percent from Americas and 16 percent from Europe.
Keysight said its quarterly sales touched $595 million (+6 percent) from Commercial Communications, $280 million (+39 percent) from Aerospace, Defense & Government, and $371 million (+48 percent) from Electronic Industrial Solutions.
Keysight’s fourth fiscal quarter of 2021 revenue is expected to be in the range of $1.25 billion to $1.27 billion.