Spirent Communications Profits Up on Currency Gains

Test systems vendor, Spirent Communications has reported that its first-half revenues rose 15 per cent to £139.1 million (US$234 million), largely due to currency fluctuations. At constant currencies revenue was down 10 per cent. Operating profit was up 14% to £24 million (US$40.4 milllion) - although at constant currencies operating profit was down 16 per cent.

"In difficult market conditions, Spirent has maintained profitability and gained market share. We have introduced new products and technologies unabated allowing us to deliver best-in-class solutions to our customers in growing markets such as Smartphones. Revenue in the key Performance Analysis business was in line with expectations which, combined with the benefits realised from careful cost management, resulted in a solid first half performance. Whilst the market remains challenging, Spirent is in good shape to deliver on our expected performance in 2009."

Posted to the site on 4th August 2009