The annual turnover of Keysight Technologies for 2024 was $4.979 billion. Turnover, often used interchangeably with revenue, represents the total amount of money generated by a company's operations over a specific period, typically a fiscal year.
Understanding Keysight's Annual Revenue Performance
Keysight Technologies, a leading technology company providing electronic design and test solutions, has demonstrated varying financial performance in recent years. Analyzing their annual turnover provides insight into their market position and operational success.
Recent Turnover Figures
The following table summarizes Keysight's annual revenue over the past few fiscal years, showcasing their financial trajectory:
| Fiscal Year | Annual Revenue (Turnover) | Year-over-Year Change |
|---|---|---|
| 2024 | $4.979 Billion | 8.88% decline |
| 2023 | $5.464 Billion | 0.81% increase |
| 2022 | $5.420 Billion | 9.69% increase |
Key Takeaways from the Data:
- 2024 Performance: Keysight experienced a notable decline in revenue in 2024, with turnover decreasing by 8.88% compared to the previous year.
- 2023 Performance: Despite a modest increase of 0.81% in 2023, the growth rate slowed significantly compared to the prior period.
- 2022 Performance: The company saw robust growth in 2022, with a substantial 9.69% increase in annual revenue, indicating strong market demand or strategic gains in that fiscal year.
What Affects Company Turnover?
Several factors can influence a company's annual turnover, including:
- Market Demand: Fluctuations in demand for Keysight's electronic design and test solutions directly impact sales volume.
- Economic Conditions: Broader economic downturns or upturns can affect customer spending on technology infrastructure and R&D.
- Technological Innovation: The pace of innovation within the company and among competitors can influence product relevance and sales.
- Competitive Landscape: Intense competition can lead to price pressures or loss of market share, affecting revenue.
- Global Supply Chains: Disruptions in the supply chain can impact the ability to deliver products, thus affecting sales.
Understanding these figures in context helps paint a clearer picture of Keysight's financial health and market dynamics within the specialized electronics and test equipment industry.
