Q2 net income (GAAP) was $3.8 million, or $0.05 per diluted share, compared with net income of $25.7 million, or $0.32 per diluted share, for the 2012 second quarter. Non-GAAP net income for the 2013 second quarter was $14.5 million, or $0.18 per diluted share, compared with non-GAAP net income of $12.9 million, or $0.17 per diluted share, for the 2012 second quarter.
“Although revenue for our core products was lower than anticipated due to order delays from our Service Provider and network equipment manufacturer customers, we made solid progress on our key growth initiatives,” commented Vic Alston, Ixia’s president and chief executive officer. “Anue and BreakingPoint revenue surpassed expectations and grew to $33.2 million, our revenue from enterprise customers increased by nearly 50 percent compared to last year and we added several new channel and technology partners.”