SANTA ROSA -- Agilent Technologies (NYSE: A) Electronic Measurement fourth-quarter revenues fell again, compared with the same quarter in 2012.
The group headquartered in Santa Rosa, and slated to be a separate company by early November 2014, had revenues of $705 million, down 14 percent from revenues of $816 million in the fourth quarter of last year, the company announced today. Orders were also down, to $742 million from $755 million in the fourth quarter of 2012.
According to a statement released by the company, operating margins were 19 percent, reflecting solid gross margins and good management of spending in response to continuing challenges in the global economy.
"We're seeing stronger orders generally speaking," said Electronic Measurement Group president Guy Sene. "Semiconductor orders are picking up, also communications. Globally, Europe is looking stronger as a market, and Eastern Europe, India and Brazil are seeing growth. Even China is showing signs of stabilizing, which is significant."
Agilent announced in September that the Electronic Measurement Group would be spun off. Ron Nersesian, former president of the Electronic Measurement Group and currently president of Agilent, will head up the new company.