Agilent Technologies' Second-Quarter Net Profit Increases 85% to US$200 Million

On May 13, 2011, Agilent Technologies announced the second quarter earnings report for the company as of April 30, 2011. It is reported that Agilent's second-quarter net profit growth exceeded expectations, due to a strong demand for production leads to an increase of 27% in orders.

The financial report showed that Agilent Technologies’ second-quarter revenue was US$1.68 billion, an increase of 32% compared to the same period of last year, and a year-on-year increase of 21% if it excluded the influence of acquisitions and divestments. In accordance with GAAP (Generally Accepted Accounting Principles), Agilent Technologies’ second-quarter net profit increased by 85% to US$200 million, or US$0.56 per diluted share, compared to US$108 million in the same period of last year, equivalent to 0.31 per diluted share. Dollars.

In the second quarter, Agilent Technologies’ amortization of intangible assets was US$ 28 million, acquisition integration costs were US$ 17 million, structural adjustment expenditures were US$ 9 million, and there were US$ 9 million in taxation fees. After deducting these expenses and other net profit of US$2 million, Agilent’s adjusted net income reported in the second quarter was US$261 million, equivalent to US$0.74 net income per share.

In response, Mr. Bill Sullivan, President and CEO of Agilent Technologies, said: “With the continuous growth momentum of all our business, we once again created another quarter of outstanding results. Agilent Technologies’ product demand remains strong. All core products have achieved double digit growth for four consecutive quarters."

Compared with the same period of last year, revenue from electronic measurement products increased by 19% and orders increased by 15%. Excluding the impact of network solution glass stripping, revenue from electronic measurement business grew by 26%. The income of this business has maintained steady growth in the entire communications market and all other segments.

Compared with the same period of last year, the revenue of chemical analysis business increased by 60 percentage points and orders increased by 22%. The organic growth of this business was 13%, which was mainly due to the increase in demand of Sinopec's market.

Compared with the same period of last year, revenue of life sciences business increased by 39%, orders increased by 21%; due to the growth of pharmaceutical and biotechnology markets, the business organic growth was 16%.

In the second quarter, the return on investment was 25%. In addition, Agilent Technologies’ operating income in the second quarter was US$378 million in cash. At the end of the quarter, the company’s net cash amount was US$885 million.

Mr. Bill Sullivan also said: “We expect that the results of the second half of fiscal year 2011 will be even better. Agilent’s product portfolio continues to increase, with good performance in the right market, coupled with continued customer loyalty. , will be our guarantee of continued success."

Levin said, "We look forward to a strong second half of fiscal year 2011. In the continued strength of Agilent's product portfolio, we exist in the right development market, and we continue to continue to advance all the successful indicators. In addition, Agilent Technologies 2011 Revenue for the third quarter of the fiscal year is expected to be in the range of $1.64-16.6 billion, and adjusted earnings per share is expected to be in the range of $0.71-0.73 per non-GAAP (excluding the impact of equity compensation fees). In the fiscal year, Agilent Technologies increased its corporate guidance income to US$6.56-66.6 billion. Based on the non-GAAP standard, adjusted earnings per share was 2.84-2.88 US dollars.

In pre-market trading on Friday, the company's stock price rose 8% to $54.19.

About Agilent Technologies Agilent Technologies (NYSE:A) is the world's leading measurement company and a technology leader in communications, electronics, life sciences and chemical analysis. The company's 17,000 employees serve customers in more than 110 countries. In fiscal year 2009, Agilent’s net revenue was $4.5 billion.