Spirent has released its full year results for the full year to December 2015. Revenue of $477.1m and adjusted EBIT of $42.1m are ahead of our revised expectations of $474.5m and $35.6m respectively. Previously announced weakness in the Wireless market was countered by strong momentum in Networks and Applications and Service Assurance. The Wireless market continues to be in a state of flux, but, with previously announced cost savings taking effect and other parts of the business performing well, ....
25 Feb 2016
Wireless remains tough but FY’16 outlook unchanged
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Wireless remains tough but FY’16 outlook unchanged
Spirent Communications plc (SPT:LON) | 194 0 0.0% | Mkt Cap: 1,124m
- Published:
25 Feb 2016 -
Author:
Oliver Knott -
Pages:
3
Spirent has released its full year results for the full year to December 2015. Revenue of $477.1m and adjusted EBIT of $42.1m are ahead of our revised expectations of $474.5m and $35.6m respectively. Previously announced weakness in the Wireless market was countered by strong momentum in Networks and Applications and Service Assurance. The Wireless market continues to be in a state of flux, but, with previously announced cost savings taking effect and other parts of the business performing well, ....