Ixia registered $180.1 million in revenues in 2006, up from $150.9 million the year before.
Revenues for both years include reversals of deferred revenue related to the implied post contract customer support obligations on certain software products.
Net income on a GAAP basis was $13.5 million, or $0.20 per diluted share, compared to net income of $28.5 million, or $0.41 per diluted share, for 2005.
For the fourth quarter ended Dec. 31, 2006, Ixia posted revenues of $47.4 million from $35.5 million in the same period in 2005.
Net income on a GAAP basis was $4.5 million, or $0.07 per diluted share, compared to net income of $3.6 million, or $0.05 per diluted share, for the fourth quarter of 2005.