Keysight Technologies Q1 Fiscal Year 2023 Results
Safe Harbor
This communication contains forward-looking statements as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended, and is subject to the safe harbors created therein. Statements preceded by, followed by, or that otherwise include the words
"anticipate," "assume," "plan," "estimate," "expect," "guidance," "intend," "implied," "target," "believe," "outlook," and similar words or expressions, or future or
conditional verbs such as "will," "should," "would," "may," or "could", or statements regarding the company's goals, priorities, anticipated revenues, anticipated
demand, growth opportunities, customer service and innovation plans, new product introductions, anticipated financial condition, anticipated gross and operating
margins, future earnings, the anticipated continued strengths and expected growth of the markets the company sells into, and future operations, earnings, and tax
rates are intended to identify forward-looking statements. Keysight disclaims any intention to, and undertakes no responsibility to, update or revise any forward
looking statement, whether as a result of new information, a future event, or otherwise. The forward-looking statements contained herein include, but are not
limited to, predictions, guidance, projections, assumptions, beliefs, opinions, and expectations regarding the company's future goals, revenues, financial condition,
earnings, and operations that involve risks and uncertainties that could cause Keysight's results to differ materially from those expressed in such statements. Such
risks and uncertainties include, but are not limited to, impacts of global economic conditions such as inflation or recession, slowing demand for products or
services, supply chain constraints and the availability of raw materials; impacts of US export control regulations; impacts of geopolitical tension and conflict;
impacts related to net-zero emissions commitments; customer purchasing decisions and timing; order cancellations. For additional risks and uncertainties that
could impact Keysight's actual results, please see our latest Form 10-K filed with the SEC on December 15, 2022, included but not limited to the discussion under
"Risk Factors" therein, which may be viewed at www.sec.gov.
presentation includes a number of different financial measures, both GAAP and non-GAAP, in analyzing and assessing the overall performance of the
business, for making operating decisions and for forecasting and planning for future periods. Non-GAAP measures exclude primarily the impacts of amortization of
acquisition-related balances, share-based compensation, acquisition and integration costs, restructuring and related costs, and any one-time adjustments that
may have a material effect on the Company's expenses and income from operations calculated in accordance with GAAP. Also excluded are tax benefits or
expenses that are not directly related to ongoing operations and which are either isolated or cannot be expected to occur again with any regularity or predictability.
For future periods, most of these excluded amounts pertain to events that have not yet occurred and are not currently possible to estimate with a reasonable
degree of accuracy. This limits our ability to provide a reconciliation of the expected non-GAAP earnings per share to the GAAP equivalent. The definitions of
these non-GAAP financial measures may differ from similarly titled measures used by others, and such non-GAAP measures should be considered supplemental
to and not a substitute for financial information prepared in accordance with GAAP. Keysight generally uses non-GAAP financial measures to facilitate
management's comparisons to historic operating results, to competitors' operating results and to guidance provided to investors. In addition, Keysight believes that
the use of these non-GAAP financial measures provides greater transparency to investors of information used by management in its financial and operational
decision-making. Refer to last slide for more details on the use of non-GAAP financial measures.
✔KEYSIGHT
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