OTS - Rohde & Schwarz consistently aligns business performance for further growth (part 1)
2021. November 03. 10:00
Munich, 3 November, 2021 (APA/OTS) - The Rohde & Schwarz technology
company ends a successful 2020/2021 fiscal year despite ongoing
global economic challenges. With its cutting-edge solutions, the
company has continued to prove robust in last year's highly dynamic
market environment. In addition to its established business fields,
Rohde & Schwarz has made substantial investments in future
technologies such as 6G, quantum technology, the industrial
internet of things (IIoT), artificial intelligence and cloud
technology. The company is a trailblazer in the socially relevant
topics of security and connectivity.
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The independent technology company Rohde & Schwarz closed its
2020/2021 fiscal year (July to June) with EUR 2.34 billion in
revenue. Operating results were almost at the previous year's
level. The company exceeded its target values that had been
adjusted to match market developments. This sends a good signal in
light of the challenging dynamics of the past fiscal year.
Employees are the most valuable asset
Even under challenging economic conditions, Rohde & Schwarz has
proven a reliable employer that sees its innovative employees as
the cornerstone of success. Consequently, many issues related to
how the company will collaborate in the future are high on the
agenda. For example, the high-tech company now offers greater
flexibility for working hours and workplace, and has anchored this
in agreements to reflect current and future changes in conditions.
The workforce of the privately owned, global company grew at a
moderate rate. At the end of the fiscal year, Rohde & Schwarz had
around 13,000 employees in more than 70 countries worldwide.
Future technologies drive innovations
Rohde & Schwarz is a pioneer in many technologies, including
the further development of mobile communications up to 6G, T&M
solutions for quantum computing, the IIoT, the increasing inroads
made by artificial intelligence as well as cloud technologies.
Together with its subsidiaries and partners, the company is
developing future technological solutions with a passion for
innovation.
New three-division structure creates added value for customers
Three strong divisions allow Rohde & Schwarz to address
distinct customer needs even more closely and lay the foundation
for further growth. The Test & Measurement Division provides
products for diverse market segments such as wireless
communications, industry, components and research as well as
automotive.
The former Secure Communications, Monitoring & Network Testing
and Broadcast & Media Divisions were merged to create the new
Technology Systems Division. In this division, Rohde & Schwarz
bundles technological system expertise and resources in the markets
where project business plays an important role. The company's
solutions contribute significantly to the digital sovereignty of
customers.
The Networks & Cybersecurity Division equips business and
public authorities with secure WAN, LAN and WLAN network
infrastructures and products to protect data transmission, devices
and applications. Future-ready network, security and encryption
solutions protect the digital information and business processes of
companies and public institutions against the effects of
cyberattacks.
Test & measurement business again proved to be robust
Especially markets highly dependent on the latest technologies
as well as their suppliers continued to invest heavily. This drove
business performance in the Test & Measurement Division.
Rohde & Schwarz has designed market-leading solutions from V2X
to 5G for challenging automotive applications such as
communications between vehicles and their surroundings and for the
latest wireless communications standard in mobility. The company
could further improve its position in this field with innovative
radar T&M instruments and systems. For example, automotive
manufacturers, suppliers and test houses benefited from a unique
test solution that cost-efficiently translates realistic driving
scenarios from the road to the lab. The global expansion of 5G
networks continued unabated, generating high demand, in particular
for user equipment testing in the frequency range up to 7 GHz.
Rohde & Schwarz has meanwhile established itself on the market
as an oscilloscope supplier. Since entering the market over 10
years ago, the technology company has continually developed new
instruments that were designed and developed specifically with
customer needs in mind. The demand for T&M solutions among
component manufacturers reflected the sustained high level of
investment in digitalization and connectivity in almost all
industries. To position Rohde & Schwarz T&M solutions in the
quantum computing field, the company successfully completed the
acquisition of the leading Swiss T&M manufacturer Zurich
Instruments AG, effective July 1, 2021. (continues)
