Keysight Technologies (KEYS) Revenue — Quarter Ended Oct 31, 2023
Revenue for the reported quarter declined both sequentially and compared to the same quarter a year earlier. The drop followed a period of year-over-year growth in the prior three quarters before turning negative in the current period.
Key takeaway
Quarter ended Oct 31, 2023 · FY2023 Q4
Revenue for the reported quarter declined both sequentially and compared to the same quarter a year earlier. The drop followed a period of year-over-year growth in the prior three quarters before turning negative in the current period.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.3B
Revenue reported for this quarter.
Quarter-over-quarter
-5.1%
Change from the immediately preceding quarter.
Year-over-year
-9.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$5.5B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jan 31, 2023 | $1.4B | +10.5% |
| Apr 30, 2023 | $1.4B | +2.9% |
| Jul 31, 2023 | $1.4B | +0.4% |
| Oct 31, 2023 | $1.3B | -9.1% |
Revenue performance
Revenue decreased compared to the immediately preceding quarter, marking a reversal from prior sequential trends. The decline also widened on a year-over-year basis relative to the prior quarter's comparison.
Quarterly comparison
Quarter-over-quarter, revenue fell from the prior quarter's level. Year-over-year, revenue was lower than in the same quarter one year ago, extending the deceleration seen in recent periods.
What to watch
Monitor whether revenue can stabilize or recover in the coming quarters, given the sequential decline and the shift from prior growth.