In order to maintain continuity of customer settings and data for the various test-and-measurement tools during this rapidly shifting development workflow, Keysight offers a software platform called Pathwave. Pathwave automatically replicates many steps that have to be done manually for competing solutions, and helps innovators get their products to market much faster. In turn, Keysight gains valuable knowledge about where industry standards are moving, years in advance, and uses internal R&D spending to quickly expand its cutting-edge solution portfolio to its broader customer base. We estimate around 60% of revenues are derived from recurring software and hardware sales into R&D labs and expect such revenues to continue growing faster than the rest of the Company.