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KEYSIGHT TECHNOLOGIES NEWS RELEASE Keysight Technologies Reports Second Quarter 2021 Results 5/19/2021 Achieved Record Orders , Revenue and Free Cash Flow SANTA ROSA , Calif .-- ( BUSINESS WIRE ) -- Keysight Technologies , Inc. ( NYSE : KEYS ) today reported financial results for the second fiscal quarter of 2021 ended April 30 , 2021 . " Keysight delivered an exceptional quarter and achieved all - time record orders , revenue , and free cash flow . Our second quarter results are indicative of our leadership position across a diverse set of markets , " said Ron Nersesian , Keysight's Chairman , President and CEO . " As an enabler of leading - edge disruptive innovation , Keysight is well - positioned to capitalize on multiple waves of technology that are fueling our growth for the long term . " Second Quarter Financial Summary ● • Orders grew 22 percent to reach $ 1.33 billion , compared with $ 1.09 billion last year . Revenue grew 36 percent to reach $ 1.22 billion , compared with $ 895 million last year , or 33 percent on a core basis , which excludes the impact of foreign currency changes and revenue associated with businesses acquired or divested within the last twelve months . ● GAAP net income was $ 186 million , or $ 0.99 per share , compared with $ 71 million , or $ 0.37 per share , in the second quarter of 2020 . • Non - GAAP net income was $ 270 million , or $ 1.44 per share , compared with $ 148 million , or $ 0.78 per share in the second quarter of 2020 . • Cash flow from operations was $ 402 million , compared with $ 298 million last year . Free cash flow was $ 369 million , compared with $ 275 million in the second quarter of 2020 .