Ixia Posts Q1 Revenue of $121 Million

Ixia reported total revenue for the 2015 first quarter of $121.0 million, compared with $113.7 million reported for the 2014 first quarter and $127.2 million reported for the 2014 fourth quarter. On a GAAP basis, the company recorded a net loss for the 2015 first quarter of $9.6 million, or $0.12 per diluted share, compared with a net loss of $19.5 million, or $0.25 per diluted share, for the 2014 first quarter. Non-GAAP net income for the 2015 first quarter was $9.7 million, or $0.12 per diluted share, compared with non-GAAP net income of $4.7 million, or $0.06 per diluted share, for the 2014 first quarter.

“We are very pleased with our first quarter financial results as revenue exceeded our guidance for the second consecutive quarter. Revenue for our visibility solutions grew 47 percent year-over-year and included a strong quarter from our largest service provider customer,” said Bethany Mayer, Ixia's president and chief executive officer. “From a market perspective, we added over 200 new enterprise customer accounts and continued to build momentum across the portfolio as customers turn to Ixia to enhance application performance and ensure security resilience.”

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