Agilent Technologies Inc. (NYSE: A) reported strong growth for the third quarter of 2011, with its Santa Rosa-headquartered Electronic Measurement Group revenues up 24 percent over a year ago. Orders for the division increased 12 percent in that timeframe.
The measurement business saw growth across the communications, industrial, computer and semiconductor markets, according to group President Ron Nersesian. The Santa Rosa group is benefiting from a global surge in cell phone use.
"We had a 33 percent jump in revenues in the communications segment and 19 percent rise for the others. And our operating margins were 24 percent as well, an historic high for Agilent," he said.
The measurement group is adding staff to its tech center and changing internal layouts to increase manufacturing capacity.
"The economic environment is uncertain, so we're proceeding with caution, but we will be expanding production. I'm proud of all our employees who worked hard to deliver these record-breaking gains," said Mr. Nerisesian.
Agilent employs 1,150 in its Fountaingrove facility.
Overall, Agilent reported revenues of $1.69 billion for the third fiscal quarter, ended July 31. Revenues were 22 percent more than one year ago. Third-quarter GAAP net income was $330 million, or $0.92 per share. Last year’s third-quarter GAAP net income was $205 million, or $0.58 per share.
