Wednesday, April 9, 2008

Ixia Expects Q1 Revenues at Low-end of Guidance

Ixia expects its preliminary financial Q1 2008 revenues to be in the range of $41.0 to $42.0 million, slightly below the low end of the company's previous guidance of $42.0 to $46.0 million. The company said sales to its largest account, Cisco Systems, were up more than 20 percent sequentially from the 2007 fourth quarter to approximately $10.5 million, and sales in the Asia Pacific region remained strong. First quarter 2008 revenues were impacted by larger than anticipated decreases in Europe and Canada as compared to the fourth quarter of 2007. Lower than expected revenues from carriers in North America and Europe also contributed to the shortfall.

Earnings per diluted share on a GAAP basis for the first quarter of 2008 are expected to be between a loss of $0.01 to breakeven as compared to the company's guidance of between a loss of $0.01 to a profit of $0.02.