SANTA ROSA -- Agilent Technologies Inc. (NYSE: A) on Wednesday reported that its Santa Rosa-based Electronic Measurement Group's second-quarter revenues were down 2 percent compared with the prior year.
Renamed Keysight Technologies Inc., the group had quarterly revenues of $743 million, compared with revenues of $760 million for the second quarter of 2013.
However, orders were up: $782 million for the quarter, compared with $701 million for the same period last year.
According to Electronic Measurement Group president Guy Sene the group looks very strong going into the second half of its fiscal year.
"We beat expectations on revenue and the orders assure our future productivity," he said. "The semiconductor industry especially looks strong, and defense spending is beginning to loosen up."
In connection with its planned spinoff from Agilent, Keysight Technologies expects its common stock to trade on the New York Stock Exchange in November with the ticker symbol "KEYS."
The group currently employs 1,200 at its Fountaingrove campus, 9,500 worldwide. Following final separation from Agilent, it will have added 80 employees to its workforce.