Nov 20 (Reuters) - Keysight Technologies (KEYS.N) beat market estimates for fourth-quarter profit on Monday, as the electronic equipment maker continued to benefit from steady demand in segments such aerospace and defense.
Keysight provides electronic design and test products such as oscilloscopes, network emulators and software that are used in aerospace and defense industries, including electromagnetic spectrum operations, radar, signal monitoring, space, satellite, commercial and military aircraft.
The company said it saw a 4% rise in revenue from segments aerospace, defense and government, aided by investments in defense technology modernization, electromagnetic spectrum operations, radar and space and satellite.
California-based Keysight forecast its first-quarter 2024 adjusted profit to be between $1.53 and $1.59 per share, compared with LSEG estimates of $1.68 per share.
Reporting by Priyamvada C and Nathan Gomes in Bengaluru; Editing by Shilpi MajumdarOur Standards: The Thomson Reuters Trust Principles.
Priyamvada C, Nathan Gomes, Shilpi Majumdar
Keysight Technologies, Thomson