“Today we celebrate a pivotal milestone for Keysight as we embark on a new phase in our journey. As an independent company, the vast opportunities in the electronic measurement market now represent significant opportunities for Keysight,” said Ron Nersesian, Chairman and CEO of Keysight. “With a 75-year legacy of technology and market leadership, and a strong business model, we look forward to delivering superior value to both our customers and investors.”.
The separation of Keysight from Agilent took place on November 1, 2014, through a distribution of 100% of Keysight's outstanding common shares to Agilent shareholders of record as of the closing date of October 22, 2014. Agilent shareholders of record received one Keysight common share for every two Agilent common shares they held. Approximately 167.5 million Keysight common shares were distributed to Agilent shareholders on November 1, 2014.
Basic information about Keysight
• It offers measurement technology and solutions for engineers, scientists, manufacturers, businesses, researchers, and government agencies in more than 100 countries.
• The company, headquartered in Santa Rosa, California, reported revenues of $2.9 billion in fiscal year 2013.
• Keysight is a leader in the following industries: communications, aerospace/defense and manufacturing, computing, and semiconductors.
• It employs 9,700 people and has 12 R&D centers worldwide.
Forward-Looking Statements
This press release contains forward-looking statements as defined in the Securities Exchange Act of 1934 and is protected under the exemption rules provided therein. The forward-looking statements contained herein include, but are not limited to, information regarding Keysight's future revenue, earnings, and profitability; future demand for the company's products and services; and customer expectations. These forward-looking statements involve risks and uncertainties that could cause Keysight's actual results to differ materially from management's current expectations. Such risks and uncertainties include, but are not limited to, unforeseen changes in the financial health of our customers' businesses; unforeseen changes in demand for existing and new products, technologies, and services; and customer purchasing decisions and the timing of those decisions.
In addition, other risks to which Keysight is exposed include those detailed in Keysight's filings with the U.S. Securities and Exchange Commission, including our Form 10 and its amended versions. Forward-looking statements are based on the beliefs and assumptions of Keysight's management team and currently available information. Keysight undertakes no obligation to publicly update or revise any forward-looking statements.
