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Agilent Technologies Returns to Profitability in Fourth Quarter 2003
November 19, 2003 |Estimated reading time: Less than a minute
Palo Alto, Calif. — Agilent Technologies Inc. has reported orders of $1.73 billion and revenue of $1.68 billion for the fiscal fourth quarter ended October 31, 2003.
During the quarter, the company reported GAAP net earnings of $13 million, or 3 cents per diluted share. This compares to a GAAP loss of $236 million, or 51 cents per share, in last year's fourth quarter.
Excluding $58 million of net restructuring charges and intangibles amortization, Agilent reported operating net income of $71 million, or 15 cents per share, versus a loss on a comparable basis of $2 million, or 0 centsper share, one year ago.
During the fourth quarter, Agilent saw evidence of stronger economic activity reflected in several of its markets. Semiconductor Products orders were up 36 percent from one year ago to the highest level since early 2001. Automated Test segment orders were higher for the third consecutive quarter, reaching the highest level in three years. Overall, the company's book-to-bill ratio was 1.03 compared to 0.98 in the prior quarter and 0.86 one year ago.
Agilent Technologies Inc. is a global technology leader in communications, electronics, life sciences and chemical analysis. For more information, visit www.agilent.com.