Sustained Strategic Progress and Momentum
Keysight reported fourth quarter revenue of $1.287 billion, above the guidance range, with orders up 1% year-over-year. Despite challenging market conditions, the company demonstrated resilience with a 26% operating profit and over $900 million in free cash flow, returning approximately 50% to shareholders.
AI and Defense Drive Growth
Significant growth in AI-related wireline markets and aerospace, defense, and government segments. The U.S. aerospace, defense, and government business saw strong year-end bookings, with orders reaching an all-time high.
Software and Services Expansion
Software and Services revenue grew 8% this quarter, accounting for 39% of total revenue. Annual recurring revenue from software and services grew 16% to approximately $1.5 billion.