Ixia (XXIA) Tops Q2 EPS by 11c

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Go back to Ixia (XXIA) Tops Q2 EPS by 11c

Ixia Announces Financial Results for 2016 Second Quarter

August 2, 2016 4:03 PM EDT

CALABASAS, Calif.--(BUSINESS WIRE)-- Ixia (Nasdaq: XXIA) today reported its financial results for the second quarter ended June 30, 2016.

Total revenue for the 2016 second quarter was $120.1 million, compared with $131.6 million reported for the 2015 second quarter and $112.7 million reported for the 2016 first quarter.

"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... More