Keysight Technologies, Inc. (KEYS) Q1 2023 Earnings Call Transcript

Keysight Technologies, Inc. (NYSE:KEYS) Q1 2023 Results Conference Call February 21, 2023 4:30 PM ET

Company Participants

Jason Kary - VP, Treasurer and IR

Satish Dhanasekaran - President and CEO

Neil Dougherty - CFO

Mark Wallace - SVP, Global Sales and Chief Customer Officer

Conference Call Participants

Mark Delaney - Goldman Sachs

Mehdi Hosseini - SIG

Meta Marshall - Morgan Stanley

Samik Chatterjee - JP Morgan

Chris Snyder - UBS

Aaron Rakers - Wells Fargo

Jim Suva - Citigroup

Matthew Niknam - Deutsche Bank

Adam Thalhimer - Thompson Davis

Rob Mason - Baird

David Ridley-Lane - Bank of America

Operator

Good day, ladies and gentlemen, and welcome to the Keysight Technologies Fiscal First Quarter 2023 Earnings Conference Call. My name is Jason, and I’ll be your lead operator today. After the presentation, we will conduct a question-and-answer session. [Operator Instructions] This call is being recorded today, Tuesday, February 21, 2023 at 1:30 p.m. Pacific Time.

I would now like to hand the conference over to our host, Jason Kary, Vice President, Treasurer and Investor Relations. Please go ahead.

Jason Kary

Thank you, and welcome everyone to Keysight’s first quarter earnings conference call for fiscal year 2023.

Joining me are Keysight’s President and CEO, Satish Dhanasekaran, and our CFO, Neil Dougherty. In the Q&A session we will be joined by Senior Vice President of Global Sales and Chief Customer Officer, Mark Wallace.

The press release and information to supplement today’s discussion are on our website at investor.keysight.com under the financial information tab and quarterly reports.

Today’s comments will refer to non-GAAP financial measures. We will also make reference to “core” growth, which excludes the impact of currency movements and acquisitions, or divestitures completed within the last 12 months. The most directly comparable GAAP financial metrics and reconciliations are on our website, and all comparisons are on a year-over-year basis unless otherwise noted.

We will make forward-looking statements about the financial performance of the Company on today’s call. These statements are subject to risks and uncertainties and are only valid as of today. We assume no obligation to update them. Please review our recent SEC filings for a more complete picture of these risks and other factors.

As a reminder, we are hosting our 2023 Investor Day on March 7th at the New York Stock Exchange. Management is also scheduled to participate in the Morgan Stanley Investor Conference on March 8th.