Agilent Says Orders Up 38 Percent; Net Revenue Up 24 Percent
PALO ALTO, Calif., May 19 -- As of this fiscal year's second quarter, Agilent Technologies Inc. reports that orders are up by 38 percent, and net revenue is up by 24 percent. Net earnings grew 6 percent and earnings per share were 36 cents, including nearly 4 cents related to one-time gains from sales of investments. However, due to costs of operating independently, earnings from operations went down by 11 percent.
Overall, we're pleased with the results of our second quarter, said Edward W. Barnholt, president and CEO of Agilent. Our order growth continues to be strong, and we continued to ramp capacity to meet the increased demand. Our businesses that address communications and electronics were particularly strong and represented about 75 percent of our second-quarter revenue.
According to the company, the optical-, wireless- and transmission-test-communities continue to grow due to increased Internet traffic and the growth of data networks. Because of its products and systems, Agilent allows its customer to design and build communications networks and deploy new technologies and services in a more effective manner.
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