Ixia Posts Q3 Revenue of $123.9 Million

Ixia reported Q3 revenue of $123.9 million, compared with $125.9 million reported for the 2015 third quarter and $120.1 million reported for the 2016 second quarter. On a GAAP basis, the company recorded net income for the 2016 third quarter of $4.8 million, or $0.06 per diluted share, compared with net income of $4.0 million, or $0.05 per diluted share, for the 2015 third quarter, and net income of $1.5 million, or $0.02 per diluted share, for the 2016 second quarter.

"We are pleased with our results in the third quarter, with revenue and EPS exceeding our guidance. Our revenue performance was driven by growing momentum for our network visibility solutions and record revenue from the enterprise market, which offset softness in our NEM markets," said Bethany Mayer, Ixia’s president and chief executive officer. "We are continuing to execute and invest in our strategy and are pleased with the early results we have generated from the changes we made to our sales leadership and organization.”


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