Ixia Cuts Q2 Revenue Outlook

(RTTNews) - Ixia (XXIA) Monday lowered its second-quarter revenue outlook, hurt mainly by "lower than expected revenue from network equipment manufacturers and certain service providers."

The company now expects second-quarter revenues of $114 million to $116 million, below its prior guidance of $119 million to $122 million. Analysts polled by Thomson Reuters currently estimate revenues of $120.14 million for the quarter.

The company expects revenues from its 2012 acquisitions, Anue Systems and BreakingPoint System, to be at the high end of the previously given range of $28 million to $32 million.

"We are disappointed with our topline performance this quarter, which was impacted by several factors, including lower than expected revenue from network equipment manufacturers and certain service providers as customers extended review cycles and certain large deals that were pushed into future quarters," said Vic Alston, president and CEO of Ixia.