Ixia (XXIA) PT Bumped to $12 at Jefferies

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Go back to Ixia (XXIA) PT Bumped to $12 at Jefferies

Ixia Announces First Quarter 2015 Results

May 5, 2015 4:05 PM EDT

CALABASAS, Calif.--(BUSINESS WIRE)-- Ixia (Nasdaq: XXIA) today reported its financial results for the first quarter ended March 31, 2015.

Total revenue for the 2015 first quarter was $121.0 million, compared with $113.7 million reported for the 2014 first quarter and $127.2 million reported for the 2014 fourth 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... More