Big upgraded of Keysight's outlook:
MARCH 03, 2020
SANTA ROSA, Calif.--(BUSINESS WIRE)-- Keysight Technologies, Inc. (NYSE: KEYS), a leading technology company that helps enterprises, service providers and governments accelerate innovation to connect and secure the world, announced highlights of its investor day that it held today in New York City.
Keysight's executive leadership team provided an in-depth overview of the company, business segments and financials, including:
- Framework for continued value creation
- Strategy to drive profitable growth
- Increased long-term operating model expectations
- Durability of the Keysight business model
“We continue to deliver on our commitments by successfully executing our strategy, which is focused on developing first-to-market solutions aligned to key secular growth themes and next-generation electronic technologies, such as 5G, IoT, automotive and data centers,” said Ron Nersesian, chairman, president, and chief executive officer. “It’s an exciting time at Keysight as we leverage the strength of our foundation, bring breakthrough technologies to market and add software-centric solutions to address customer needs, while increasing our recurring revenue. Supporting the strong performance across our organization is the Keysight Leadership Model, which we launched in 2018 and believe is a competitive differentiator. With significant opportunity ahead of us, we continue to execute our strategy to capture that momentum and create value for our stakeholders.”
Increasing Long-Term Targets
Based on the Company’s strategic execution to date and strong momentum, Keysight increased its long-term operating model expectations.
- Organic revenue growth is now expected to be sustainable at a 4 to 6 percent CAGR, compared with the prior model of a 4 to 5 percent CAGR.
- Non-GAAP operating margin is now expected to be in the range of 26 to 27 percent by no later than 2023, compared with the prior model of 21 to 22 percent.
- Non-GAAP earnings per share is expected to grow greater than or equal to 10%, in line with the prior model.
The investor day presentation and related materials are available at www.investor.keysight.com.
Keysight Leadership Model
Keysight's Leadership Model (“KLM”) is the company's framework to continuously deliver value to our customers, stockholders and employees. KLM provides the structure to execute Keysight's strategy. This model encompasses seven interlinked areas of focus centered around our customers, including: Customer Success, Market Insight, Capital Allocation, First-to-Market Solutions, Operational Excellence, Employee Growth and Keysight Values. More information on the Keysight Leadership Model can be found at about.keysight.com.
Forward-Looking Statements.... see
investor.keysight.com |
