Spirent Communications 'tracking to plan' after Q1 performance

(Sharecast News) - Telecommunications testing company Spirent Communications said on Wednesday that its performance was "tracking to plan" as it issued a trading update for the three months ended 31 March.

Spirent Communications said it has continued to "manage global market challenges and engage closely" with its customers, noting that Q1 orders and revenue were both in line with its plan and the same period a year earlier.

In the first quarter, the AIM-listed group said its positioning business won "an industry first contract", utilising new IP to simulate the lunar environment. While Spirent said it saw "some slight delays" for its assurance solutions, this was offset by "strong demand" for high-speed ethernet due to growing demand for 800G, its new AI solution and support for data centre builds.

"We are carefully reviewing tariff changes and, as they come into effect, we will take mitigating actions, including customer surcharges and logistical changes to our global sourcing and delivery routes. We will continue to monitor any potential impacts on customer buying patterns and order timings," added the FTSE 250-listed firm

As of 1000 BST, Spirent shares were down 0.11% at 184.80p.

Reporting by Iain Gilbert at Sharecast.com