Electronic equipment maker Keysight Technologies (KEYS.N) forecast fourth-quarter profit and revenue above expectations on Tuesday, as a rapid buildout of AI data centers boosts demand for its software and tools, sending its shares up nearly 5%.
The Santa Rosa, California-based company, known for its electronic design, testing and simulation software used by chipmakers, telecommunications firms and automakers, expects fourth-quarter adjusted profit in the range of $3.34 to $3.40 per share and revenue of $1.93 billion to $1.95 billion.
Analysts expect profit of $2.70 per share, and revenue of $1.81 billion for the quarter ending October 31, according to data compiled by LSEG.
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