Ixia (XXIA) Tops Q2 EPS by 11c

Ixia (NASDAQ: XXIA) reported Q2 EPS of $0.18, $0.11 better than the analyst estimate of $0.07. Revenue for the quarter came in at $120.1 million versus the consensus estimate of $114.12 million.

"In the second quarter we achieved revenue at the high-end of our guidance range and delivered solid earnings that were driven by our strong gross margin performance and continued focus on financial discipline. We also generated $25.5 million in cash flow from operations and repurchased $6.9 million of Ixia common stock," said Bethany Mayer, Ixia’s president and chief executive officer. "Leveraging technology unique to Ixia, we have continued to add new capabilities across our test, security, and visibility platforms and have brought new products to market that we believe further expand Ixia’s technology leadership over the competition.”

For earnings history and earnings-related data on Ixia (XXIA) click here.

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