85.7 F
San Fernando
Friday, Mar 29, 2024

Ixia Profits Grow Modestly

Net income for test performance equipment manufacturer Ixia grew modestly in the second company, the company said. For the second quarter ending June 30, the Calabasas-based company reported net income of $1.8 million, or $0.03 per diluted share, on revenues of $45.9 million. That is a slight increase over the net income of $1.4 million, or $0.04 per diluted share, on revenues of $43 million for the second quarter in 2007. Ixia increased its bookings over the first quarter in all of major geographic regions and customer segments due in part to the recent investments in sales and marketing, said President and CEO Atul Bhatnagar. In the second quarter, the company completed a stock repurchase program by buying back 6.3 million shares of its common stock at an average purchase price of $7.99 per share. Shares in Ixia closed down at $7.29.

Featured Articles

Related Articles