Keysight Technologies (KEYS) Revenue — Quarter Ended Apr 30, 2024
Revenue for the quarter declined compared to both the prior quarter and the same period last year. The decrease continues a trend of sequential declines observed in recent quarters.
Key takeaway
Quarter ended Apr 30, 2024 · FY2024 Q2
Revenue for the quarter declined compared to both the prior quarter and the same period last year. The decrease continues a trend of sequential declines observed in recent quarters.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.2B
Revenue reported for this quarter.
Quarter-over-quarter
-3.4%
Change from the immediately preceding quarter.
Year-over-year
-12.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$5.2B
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 |
|---|---|---|
| Jul 31, 2023 | $1.4B | +0.4% |
| Oct 31, 2023 | $1.3B | -9.1% |
| Jan 31, 2024 | $1.3B | -8.8% |
| Apr 30, 2024 | $1.2B | -12.5% |
Revenue performance
Total revenue fell from the preceding quarter and was substantially lower than the year-ago period. The decline was driven by a drop in product revenue, partially offset by a slight increase in services and other revenue.
Quarterly comparison
Compared to the immediately preceding quarter, revenue decreased. Compared to the same quarter one year earlier, the decline was more pronounced, reflecting a sharper year-over-year contraction.
What to watch
Monitor whether the sequential revenue decline continues in the next quarter.