Spirent has released a short Q1 update for the period to March 2016. Revenue of $102.7m and adjusted operating profit of $1.8m is an improvement on the weak Q1’15 ($96.6m and $3.6m loss respectively) and in-line with expectations for the full year. The group’s largest division, Networks & Applications, continues to perform well (+14% revenue growth) with the expected tough conditions in Wireless and Positioning resulting a 9% drop in revenue. Strong cash generation resulted in $16.2m free cash i ....
04 May 2016
Solid Q1 trading update
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Solid Q1 trading update
Spirent Communications plc (SPT:LON) | 193 -1.9 (-0.5%) | Mkt Cap: 1,118m
- Published:
04 May 2016 -
Author:
Oliver Knott -
Pages:
3
Spirent has released a short Q1 update for the period to March 2016. Revenue of $102.7m and adjusted operating profit of $1.8m is an improvement on the weak Q1’15 ($96.6m and $3.6m loss respectively) and in-line with expectations for the full year. The group’s largest division, Networks & Applications, continues to perform well (+14% revenue growth) with the expected tough conditions in Wireless and Positioning resulting a 9% drop in revenue. Strong cash generation resulted in $16.2m free cash i ....