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Thursday, Mar 28, 2024

Despite Weak Sales, Ixia Posts Profit

Performance test systems manufacturer Ixia had a weak first quarter noted by a sales drop in Canadian and European markets. Still, the Calabasas company narrowed its loss from a year ago with a net income of $106,000 on revenues of $41.7 million. For the first quarter of 2007, the company had a net loss of $759,000 on revenues of $40 million. The company had lower than expected shipments to Europe and Canada in the first quarter but those were partially offset by record sales to the Asia Pacific region, said Ixia President and CEO Atul Bhatnagar. “We were also encouraged by the sequential increase in shipments to network equipment manufacturers, led by higher sales to Cisco Systems,” Bhatnagar said. Shares of Ixia closed up at $7.28.

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