Ixia (XXIA) reported first-quarter GAAP net income of $8.1 million or $0.11 per share, compared to $5.2 million or $0.07 per share in the year-ago quarter.
Excluding items, Non-GAAP net income was $20.3 million or $0.25 per share, compared to $12.2 million or $0.16 per share in the comparable quarter last year. On average, seven analysts polled by Thomson Reuters expected earnings of $0.22 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenues for the quarter rose to $122.78 million from $86.66 million in the comparable quarter last year, while six analysts expected revenues of $122.18 million for the quarter.
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