Ixia (XXIA) Tops Q1 EPS by 2c

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Go back to Ixia (XXIA) Tops Q1 EPS by 2c

Ixia Announces Financial Results for 2016 First Quarter

May 3, 2016 4:03 PM EDT

CALABASAS, Calif.--(BUSINESS WIRE)-- Ixia (Nasdaq: XXIA) today reported its financial results for the first quarter ended March 31, 2016.

Total revenue for the 2016 first quarter was $112.7 million, compared with $121.0 million reported for the 2015 first quarter and $138.5 million reported for the 2015 fourth quarter.

"While our results in the quarter were impacted by some near-term headwinds, we remain confident in our product portfolio and go-to-market strategy," said Bethany Mayer, Ixias president and chief executive officer. "We believe we are well positioned to capitalize on the growing technology trends across enterprise, service provider, and... More