BRIEFCASE.Byline: - Staff and Wire Services Ixia Ix´i`a n. 1. (Bot.) A South African bulbous plant of the Iris family, remarkable for the brilliancy of its flowers. Noun 1. says income surged in quarter CALABASAS - Ixia, a provider of network testing products, on Thursday reported record first quarter revenues and a 209 percent increase in net income. During the year's first three months the Calabasas-based company earned $9.3 million, equal to 14 cents a share, up from income of $3 million, or 5 cents a share, in the like period a year ago. Revenues totaled $38.4 million, a 54 percent increase from the prior year. The results included $1.3 million in noncash charges and tax benefits of $1.8 million. Excluding these items first quarter income was $8.8 million, or 13 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. compared with $3.7 million, or 6 cents, in the year-ago period. TV Guide targets celeb ce·leb n. Informal A celebrity. fan market The publishers of TV Guide have launched a new weekly magazine aimed at young female television viewers. The first edition of ``Inside TV'' hit newsstands Thursday, featuring a cover photo of ``Desperate Housewives'' star Eva Longoria. The full-size, glossy magazine will be sold primarily at newsstands, competing alongside such celebrity-driven titles as People and US. It includes a selection of program picks organized around such categories as drama, comedy and reality, rather than the familiar time and network grid featured in TV Guide. Northrop shuffles financial leaders CENTURY CITY - Northrop Grumman Northrop Grumman Corporation (NYSE: NOC) is an aerospace and defense conglomerate that is the result of the 1994 purchase of Grumman by Northrop. The company is the third largest defense contractor for the U.S. Corp. announced Thursday a restructuring of its corporate business management organization. The moves are designed ``to enhance the performance of the company's finance operations The execution of the joint finance mission to provide financial advice and guidance, support of the procurement process, providing pay support, and providing disbursing support.See also financial management. , including financial reporting, planning and analysis,'' according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the Los Angeles-based global defense company. The board of directors elected Kenneth N. Heintz, 58, as corporate vice president, controller and chief accounting officer. Sandra Wright, 49, former vice president and controller, will become vice president, financial planning Financial planning Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against . Barbara Barcon, 48, was appointed vice president, financial process excellence. Heintz assumes responsibilities for corporate accounting, financial compliance and reporting, benefits accounting and tax matters. |
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