Keysight Technologies (KEYS) Revenue — Quarter Ended Jan 31, 2024
Revenue declined this quarter compared to both the prior quarter and the same period last year. The decrease reflects softer demand across the company's end markets.
Key takeaway
Quarter ended Jan 31, 2024 · FY2024 Q1
Revenue declined this quarter compared to both the prior quarter and the same period last year. The decrease reflects softer demand across the company's end markets.
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
-4.0%
Change from the immediately preceding quarter.
Year-over-year
-8.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$5.3B
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 |
|---|---|---|
| Apr 30, 2023 | $1.4B | +2.9% |
| Jul 31, 2023 | $1.4B | +0.4% |
| Oct 31, 2023 | $1.3B | -9.1% |
| Jan 31, 2024 | $1.3B | -8.8% |
Revenue performance
Revenue fell from the preceding quarter and was also lower than the year-ago period, driven by a drop in product revenue partially offset by growth in services.
Quarterly comparison
The year-over-year decline was steeper than in the previous quarter, indicating a worsening trend. Sequentially, revenue decreased from the prior quarter.
What to watch
Monitor demand trends in key end markets, particularly in communications and industrial segments, for signs of recovery or further weakness.