Spirent looks to growth in Asia as it trades above expectations
TELECOM testing company Spirent Communications posted a 17 per cent rise in quarterly pre-tax profit yesterday as demand for testing wireless, data centre, high speed Ethernet and global positioning systems continued to be strong in Asia and the US.
Spirent, which counts Cisco Systems, Alcatel Lucent and Verizon Communications as its customers, said trading in the first quarter was ahead of expectations and China, Japan and India were all key growth regions.
Pre-tax profit for the quarter ended 1 April rose to $27.5m (£16.9m) from $23.6m a year ago.
Revenue rose five per cent to $129.4m. Revenue from its largest performance analysis business grew 16 per cent to $107.3m. Sales in the company’s other two segments – service assurance and systems – fell about 35 per cent and 17 per cent respectively.