Ixia Posts Q3 Sales of $115 Million

Ixia reported Q3 revenue of $115.4 million, compared with $110.6 million reported for the 2012 third quarter. The 2013 third quarter includes $35.2 million in revenue from Anue Systems and BreakingPoint Systems, which were acquired in June and August 2012, respectively.  Net income (GAAP) was $6.0 million, or $0.08 per diluted share, compared with net income of $10.9 million, or $0.14 per diluted share, for the 2012 third quarter.

“We delivered a solid third quarter and saw healthy spending from our enterprise, federal, and service provider customers, while network equipment manufacturers continue to be cautious,” commented Errol Ginsberg, Ixia's chairman and acting chief executive officer. “Anue and BreakingPoint revenue surpassed expectations and grew to $35.2 million, and our revenue from service providers and enterprise customers grew to 53% of our total revenue. We are on track with expanding our go-to-market channels and product portfolio, while at the same time managing our expenses.”

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