Ixia Revenues Decline in Q1 to $113 Million

Ixia reported revenue of $112.7 million, compared with $121.0 million reported for the 2015 first quarter and $138.5 million reported for the 2015 fourth quarter. There was a GAAP net loss of $2.7 million, or $0.03 per diluted share.

“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, Ixia’s president and chief executive officer. ”

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