Ixia reported Q3 revenue of $125.9 million, compared with $114.0 million reported for the 2014 third quarter and $131.6 million reported for the 2015 second quarter. Net income (GAAP) was $4.0 million, or $0.05 per diluted share, compared with a net loss of $7.3 million, or $0.09 per diluted share, for the 2014 third quarter.
“We delivered another solid quarter of year-over-year revenue and earnings growth. Our revenue growth was driven by strong market momentum across our product portfolio, particularly in the U.S. where revenue grew 25% year-over-year to reach a new record. In addition to growing our year-over-year bottom line results, we generated approximately $22 million in cash from operations as we continue to strive for operational excellence and financial discipline,” said Bethany Mayer, Ixia’s president and chief executive officer.
