(Alliance News) - Spirent Communications PLC on Thursday reported an increase in revenue and its order intake for the first half of 2021 as the firm makes progress across its portfolio.
Shares in Spirent were up 5.2% to 268.20 pence each in London on Thursday morning.
The Crawley, England-based company is a provider of testing, analytics and security for telecommunications networks.
Pretax profit for the six months that ended June 30 was USD34.8 million, down 3.3% year-on-year from USD36.0 million.
The firm posted revenue of USD255.1 million, a rise of 9.2% from USD233.7 million, driven by continued strong demand for its lab and live assurance solutions and its 5G device test solutions.
Spirent declared an interim dividend of 2.39 cents per share, up 10% from the prior year's payout of 2.17 cents.
Order intake was up 14% from USD232.1 million to USD263.8 million.
"We achieved strong growth in orders, revenue, and profit, with progress across the portfolio. Our key focus on moving into the live network and increasing our services and managed solutions is proving highly effective, and alongside 5G, an enduring growth driver for Spirent, continues at pace at a time when remote connectivity is critical," said Chief Executive Eric Updyke.
"As the pace of demand for support from our customers continues to grow, and given our strategic progress, we are well-placed to benefit from market opportunities as they arise. The board is confident in the prospects for the group and its ability to deliver sustainable, profitable growth into the long term," the firm said.
By Amrit Sahota; newsroom@alliancenews.com
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Spirent (SPT)