Ixia Announces Better than Expected Preliminary Q4 Revenue of $127 Million

Ixia now exptects total revenue for its 2014 fourth quarter to be $127.2 million, compared with $120.6 million reported for the 2013 fourth quarter and $114.0 million reported for the 2014 third quarter. 2014 and 2013 fourth quarter revenue includes $17.8 million and $4.8 million, respectively, of revenue attributable to Net Optics, Inc. (“Net Optics”), which we acquired in December 2013. On a GAAP basis, the company expects to report net income for the 2014 fourth quarter of $286,000, or $0.00 per diluted share, compared with a net loss of $3.1 million, or $0.04 per diluted share, for the 2013 fourth quarter.

“Our better than expected revenue was driven by record bookings and strong demand across our product lines and verticals, including higher sales of our visibility solutions to service providers,” said Bethany Mayer, Ixia’s president and chief executive officer. “We are very pleased with our execution in the quarter. Looking forward, we will continue our efforts to transform Ixia into an enabler of Application Performance and Security Resilience and to diversify and grow our business while focusing on operational fundamentals and driving financial discipline.”

Total revenue for fiscal year 2014 is expected to be $464.5 million, compared with $467.3 million reported for fiscal year 2013. The 2014 and 2013 fiscal years include $59.0 million and $4.8 million, respectively, of revenue attributable to Net Optics.

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