CALABASAS, Calif., Jan. 10, 2012 -- Ixia (Nasdaq: XXIA)
today announced that it is revising its revenue guidance
range for the fourth quarter of 2011 and currently expects
revenue to be in the range of $83 million to $84
million, above its previously stated guidance range of $79
million to $82 million. Ixia also currently expects
both GAAP and non-GAAP diluted earnings per share for the
fourth quarter to be at the high end of earnings per share
guidance it previously provided during the company's third
quarter earnings conference call.
"Our topline and earnings momentum are encouraging as we
exit 2011," commented Atul Bhatnagar, Ixia's president
and chief executive officer. "In the fourth quarter
we had robust sales of our High-Speed Ethernet solutions
and overall demand was solid across all geographies, with
particular strength in North America. Additionally,
by leveraging our sales channel, we achieved higher than
expected sales of our Wi-Fi testing solutions from the
recent VeriWave acquisition."
Ixia will host a conference call on Thursday, February 2,
2012 at 5:00 p.m., Eastern Time, for analysts and investors
to discuss its 2011 fourth quarter and fiscal year results
as well as its business outlook for the 2012 first quarter.
Open to the public, investors may access the call by
dialing 678-825-8347. A live webcast of the conference
call, along with supplemental financial information, will
be accessible from the "Investors" section of
Ixia's web site (www.ixiacom.com). Following the live
webcast, an archived version will be available in the
"Investors" section on the Ixia web site for 90
days.
Safe Harbor under the Private Securities Litigation Reform
Act of 1995: Certain statements made in this press release
are forward-looking statements, including, without
limitation, statements regarding growth, profitability and
financial performance. In some cases, such forward-looking
statements can be identified by terms such as may, will,
should, expect, plan, believe, estimate, predict or the
like. Such statements reflect our current intent, belief
and expectations and are subject to risks and uncertainties
that could cause our actual results to differ materially
from those expressed or implied in the forward-looking
statements. Factors that may cause future results to differ
materially from our current expectations include changes in
the global economy, competition, consistency of orders from
significant customers, our success in developing and
producing new products, market acceptance of our products
and war, terrorism, political unrest, natural disasters and
other circumstances that could, among other consequences,
reduce the demand for our products, disrupt our supply
chain or impact the delivery of our products. Such factors
also include the risk that the anticipated benefits of our
acquisition of VeriWave or other recent acquisitions will
not be realized, as well as the factors identified in our
Annual Report on Form 10-K for the year ended December 31,
2010, and in our other filings with the U.S. Securities and
Exchange Commission. We undertake no obligation to update
any forward-looking statements, whether as a result of new
information, future events or otherwise.
About Ixia
Ixia provides the industry's most comprehensive converged
IP services testing solution - from the wireless edge to
the Internet core. Network equipment manufacturers, service
providers, enterprises, and government agencies use Ixia's
industry-leading test and simulation platforms to design
and validate a broad range of wired, Wi-Fi, and 3G/4G
networking equipment and networks. Ixia's solutions create
real-world conditions by emulating a full range of
high-scaling networking protocols and generating media-rich
application traffic to validate performance, conformance
and security of cloud, core, data center, wireless and
multiplay networks. For more information, visit
www.ixiacom.com.
Financial Contact:
The Blueshirt Group
Investor Relations
Maria Riley
415-217-7722
Tom Miller
Chief Financial Officer
818-444-2325
tmiller@ixiacom.com
This material is for informational purposes only and subject to change without notice. It describes Ixia's present plans to develop and make available to its customers certain products, features and capabilities. Ixia is only obligated to provide those deliverables specifically included in a written agreement between Ixia and the customer.
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