RE: Share of the week.... TU to pop up...20 Jan 2023 08:19
(Alliance News) - Spirent Communications PLC on Friday said it delivered a strong annual performance in 2022, but noted some hesitance among its clients for the first half of 2023.
In 2022, the provider of testing, analytics and security for telecommunications networks said its results were in line with expectations. Revenue is expected to come in at USD607 million, which is a 5.5% rise from USD576.0 million in 2021.
The Crawley, England-based company said it expects adjusted operating profit to come in slightly ahead of market consensus. According to estimates compiled by Spirent, consensus is for USD127 million, within a range of USD122 million to USD131 million. This would be up 7.2% from USD118.5 million in 2021.
However, Spirent noted that global economic conditions have caused some of its customers to delay their investment decisions in the new year.