Agilent Technologies Inc. has reported orders of $1.81 billion, up 7 percent over one year ago, for the second fiscal quarter ended April 30, 2014, and revenues of $1.73 billion, flat compared with one year ago. Second-quarter GAAP net income was $150 million, or $0.45 per share. Last year's second-quarter GAAP net income was $166 million, or $0.48 per share.
During the second quarter, Agilent had intangible amortization of $51 million, pre-separation costs of $41 million, integration and transformation costs of $10 million, and a tax benefit of $10 million. Excluding these items and $2 million of other net costs, Agilent reported second-quarter adjusted net income of $244 million, or $0.72 per share(1).
Agilent President and CEO Bill Sullivan said, "We delivered on our commitments this past quarter with solid order growth, and revenues and earnings in the mid-range of our forecasted guidance. Looking ahead, we are well positioned as we move into the second half."
Electronic Measurement second-quarter revenues were down 2 percent compared with the prior year. Operating margins were 20 percent. In connection with its planned spinoff from Agilent, Keysight Technologies expects its common stock to trade on the New York Stock Exchange, with the ticker symbol KEYS.
Chemical Analysis revenues were up 3 percent compared with a year ago, led by growth in food and energy markets. Operating margins were 22 percent.
Life Sciences and Diagnostics revenues were up 1 percent over a year ago, led by pharma and diagnostics/clinical markets. Operating margins were 13 percent.
To view an unabridged version of this press release, visit: http://www.agilent.com/about/newsroom/presrel/2014/14may-gp14011.html
