Keysight Technologies (KEYS) 10-K Summary — Year Ended Oct 31, 2023
The filing covers the company's annual report for the fiscal year, including business description, risk factors, and financial results. Overall, the company reported higher revenue and operating cash flow but lower net income compared to the prior year.
Key takeaway
Year ended Oct 31, 2023 · FY2025 10-K
The filing covers the company's annual report for the fiscal year, including business description, risk factors, and financial results. Overall, the company reported higher revenue and operating cash flow but lower net income compared to the prior year.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$5.5B
Revenue reported for the fiscal year.
Operating income
$1.4B
Income from operations reported for the year.
Net income
$1.1B
Net income reported for the year.
Operating cash flow
$1.4B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Oct 31, 2021 | $4.9B | n/a |
| Oct 31, 2022 | $5.4B | +9.7% |
| Oct 31, 2023 | $5.5B | +0.8% |
Business overview
The business overview section of the filing describes the company's operations. It outlines the company's focus on providing electronic measurement solutions and related services.
Financial performance
Revenue increased compared to the prior year, while net income decreased. Operating cash flow improved over the previous period. Investing and financing activities consumed cash during the year.
Material risks
The filing outlines risk factors in Item 1A, including global economic conditions and market fluctuations. These risks could affect the company's liquidity, operations, and financial results. The company's cash balances are held globally and may be subject to regulatory limitations.
Liquidity and capital
Liquidity is influenced by normal operations and global economic factors. The company generated cash from operations and used cash for investing and financing activities.
What to watch
Monitor the divergence between rising operating cash flow and declining net income in the next filing.