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Agilent Technologies reports first quarter 2008 results

Agilent Technologies Inc. today reported orders of US$1.4 billion for the first fiscal quarter ended Jan. 31, 2008,...


February 13, 2008  


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Agilent Technologies Inc. today reported orders of US$1.4 billion for the first fiscal quarter ended Jan. 31, 2008, 12% above one year ago.

Revenues during the quarter were US$1.39 billion, 9% above last year. First quarter GAAP net income was US$120 million, or US$0.31 per diluted share.

Included in this quarter’s GAAP income is US$30 million of share-based compensation expense. Excluding this item and US$10 million of other net adjustments, Agilent reported first quarter adjusted net income of US$160 million, or US$0.42 per share.

“(We) had a good fiscal first quarter, with performance that was very much in line with our expectations,” said Bill Sullivan, president and CEO of Agilent.

“While Electronic Measurement markets remain mixed, we did see some overall improvement compared to prior quarters, with better balance between general purpose and communications markets, and across geographic regions. Segment orders were up 8%, while revenues were 5% ahead of last year.”


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