Agilent Technologies Inc. (NYSE: A) today reported orders of $1.69 billion, down 8 percent compared with one year ago, and revenues of $1.73 billion for the second fiscal quarter ended April 30, 2013, flat with one year ago.
This is against a backdrop of increased operating expenses which has resulted in a 29% fall in income from operations. The company has announced a Restructuring Program expected to reduce headcount by 450 which is expected to provide a reduction in operating expenses to the tune of around $50 million. More…