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What: Shares of Ixia
So what: Second-quarter revenue rose to $92.3 million, resulting in record non-GAAP net income of $14 million, or $0.18 per share. Both top and bottom lines registered beats compared to the consensus estimates of $90.1 million in sales and a $0.16 per share profit.
Now what: CEO Vic Alston cited strong demand for the company's Ethernet, LTE, and Wi-Fi offerings, and its organic business before including recent acquisitions generated record sales and adjusted operating profit. Ixia recently purchased Anue Systems and has a pending transaction for BreakingPoint Systems as it looks to grow in the network visibility and security markets.
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