Ixia saw its revenue for the second quarter grow 28% to $115.9 million, with much of the increase attributed to two acquisitions rather than its core products.
Revenues for the same period in 2012 were $90.7 million. Ixia said that its recent acquisitions of Anue Systems Inc. and BreakingPoint Systems Inc. accounted for $33.2 million of the quarter’s revenue this year, meaning that about $82.7 million in revenue came from its existing operations.
Net income was $3.8 million, plunging from $25.7 million in the prior year period — and the company warned that it is still reviewing its tax situation for the quarter and that net income may be reduced by up to $3.3 million.
“Although revenue for our core products was lower than anticipated due to order delays from our service provider and network equipment manufacturer customers, we made solid progress on our key growth initiatives,” said Vic Alston, Ixia’s president and CEO. “Anue and BreakingPoint revenue surpassed expectations and grew to $33.2 million, our revenue from enterprise customers increased by nearly 50 percent compared to last year and we added several new channel and technology partners.”
Alston added, “Our customers are rapidly moving to mobile networks, virtual data centers and hybrid cloud environments to deliver next generation applications and provide their customers with the always-on user experience. While we have seen recent softness in the market, our visibility, mobility, and security solutions uniquely position Ixia to benefit from some of today’s strongest trends in networking and deliver long-term growth.”
Investors dropped the stock after the announcement but it has made modest gains since, with Ixia trading around $14.40 per share prior to the earnings announcement, dropping below $13.70 briefly, then picking back up to about $14.75 in midday trading on Friday.
— Spirent Communications announced support for TDD-LTE on its Spirent CS8 mobile device tester. The CS8 can now test data throughput, voice quality, location-based services and mobility testing for chipsets and mobile devices that use TDD-LTE, the variant favored by operators such as China Mobile.
The equipment tests in key frequency bands for TDD-LTE deployment, as well as common FDD bands, Spirent said. It can emulate MIMO-enabled cells for both TDD and FDD networks simultaneously; integreated Spirent’s DatumLab data performance measurement tool, and supports TDD-LTE A-GPS over-the-air testing for location-based services.
Spirent said that the CS8 also lays claim to an industry first with integration of its Nomad HD measurement system that enables voice-quality performance analysis, and the ability to compare key metrics in both the lab and the field for HD voice.
“Extensive R&D testing of both TDD and FDD in LTE devices is critical to the successful deployment of LTE in many major markets, and seamless interoperability between these technologies is essential,” said Brock Butler, mobile device testing architect, at SpirentCommunications. “Subscriber expectations for quality of voice service, data, mobility and usability of feature-rich LTE-enabled smartphones are driving our industry to new levels of performance testing. Spirent helps R&D engineers with these test challenges by providing the only solution in the industry that integrates the leading live network service experience measurement tools for voice quality and data performance.”
— Tektronix has opened a new calibration lab in southwestern China that will serve customers in semiconductor, electronics manufacturing and R&D, telecom manufacturing and IT service delivery sectors, among others.
The lab in Chengdu, China can provide CNAS 17025 accredited calibration for instruments including digital multimeters, clamp meters, oscilloscopes up to 6 GHz, DC resistance boxes and RF signal up to 26.5 GHz, as well as on-site calibration in the region for a range of other products.
“Having locations close to our major customers will allow us to provide local service and faster turnaround times. Our strategy is to be present wherever our customers need us and we will continue to expand our reach accordingly,” said David Carew-Jones, vice president for Tektronix service in Asia.
