SANTA CLARA, CA – Agilent Technologies Inc. reported second-quarter sales fell 25% from last year to $1.09 billion. Orders dropped 33% year-over-year.
 
For the quarter ended April 30, GAAP net loss was $101 million, compared to GAAP net income of $173 million last year. The company incurred restructuring and asset impairment charges of $98 million and non-cash amortization of $12 million.

Year-over-year, revenues in the electronic measurements segment were down 33%, while the semiconductor and board test segment saw revenue drop 63%. The bio-analytical segment fared better, with revenue off 6% from last year.
 
Agilent ended the second quarter with net cash of $922 million and $137 million in cash flow.
 
Changes have been made within the corporate infrastructure, and the company remains focused on customer service, products and technologies. According to Bill Sullivan, president and CEO, Agilent remains on track toward realizing $525 million of annualized savings by mid-2010.