Wednesday, July 25, 2012

Ixia Posts Revenue of $92.3 Million

Ixia posted Q2 revenue of $92.3 million, compared with $69.0 million reported for the 2011 second quarter and $85.6 million reported for the 2012 first quarter. Second quarter 2012 revenue includes approximately $3.9 million attributable to the recently acquired Anue Systems for the period following the June 1, 2012 closing date. Net income (GAAP) was $26.9 million, or $0.33 per diluted share, compared with net income of $0.5 million, or $0.01 per diluted share, for the 2011 second quarter.

"Our solid second quarter results were driven by healthy demand for our high-speed Ethernet, LTE and Wi-Fi products," commented Vic Alston, Ixia's president and chief executive officer. "We are very pleased with the momentum of our organic business -- on a standalone basis we generated record revenue and non-GAAP operating profit in the quarter."