Ixia Issues Q2 Sales Warning

CALABASAS, Calif. -- Ixia (XXIA) today announced certain preliminary financial results for the second quarter ended June 30, 2013.

Total revenue for the second quarter of 2013 is expected to be in the range of $114 million to $116 million, below the company's previous guidance of $119 million to $122 million. Revenue from Ixia’s 2012 acquisitions, Anue Systems, Inc. (“Anue”) and BreakingPoint Systems, Inc. (“BreakingPoint”), is expected to be at the high end of the previously given range of $28 million to $32 million.

“We are disappointed with our topline performance this quarter, which was impacted by several factors, including lower than expected revenue from network equipment manufacturers and certainservice providers as customers extended review cycles and certain large deals that were pushed into future quarters,” said Vic Alston, president and CEO of Ixia.

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