Agilent Technologies highlights positive momentum during Q2 2015

Agilent Technologies has announced its financial results for the second quarter of 2015, during which it generated a revenue total of $963 million (620.48 million pounds).

This was down by three percent on the corresponding period of last year, though when adjusted for currency trends, the figure was up by four percent over Q2 2014. Meanwhile, the firm's reported orders came to $1.04 billion, up one percent, eight percent adjusted for currency.

During the three months ending April 30th 2015, the company continued to make progress on its streamlining efforts, with an adjusted operating margin of 18.3 percent – up by 140 basis points.

For the full year, Agilent expects revenues of $4.05 billion to $4.11 billion and non-GAAP earnings of $1.67 to $1.73 per share. Based on its Q2 performance, these targets are anticipated to be met.

Mike McMullen, Agilent's president and chief executive officer, said: "Agilent delivered solid earnings within guidance, along with excellent order momentum in the second quarter. Our continued focus on customers and strong market acceptance of our new products and sales structure are driving order growth."

Mr McMullen took over as chief executive of Agilent in March, succeeding Bill Sullivan, who now serves in an advisory role ahead of his full retirement in October.