Core division underpins progress at Spirent
Communications technology company Spirent reported a 10% rise in annual profit after a strong performance at its major division performance analysis.
Communications technology company Spirent reported a 10% rise in annual profit after a strong performance at its major division performance analysis.
However on a cautionary note, the group warned that it is not "immune to external factors and they may temper growth rates in parts of our business in the short term."
On a brighter note, the group added, "We believe overall that long-term growth opportunities for Spirent are very positive."
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Pre-tax profit rose $123.3m in the year to 31 December from $112m the year before. Group revenue rose to $528.2m from $482.2m previously, reflecting growth across all regions.
Its performance analysis unit saw revenue jump 14% to $416.4m following robust demand in wireless, positioning and data centre technologies, it explained.
"Performance Analysis, our largest division, has identified more opportunities for expansion through organic investment to bring the right solutions to market at the right time."
The group said it will invest further to take advantage of economic growth in the Asia Pacific region and is confident that these factors will enable the group as a whole to deliver further growth in 2012 and beyond.
Spirent has recommended at total dividend for the year of 2.93 cents per share, up from 2.50 cents in 2010.
CJ
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
CrowdStrike IT outage: a global meltdown
Millions were affected by the CrowdStrike IT outage recently, which grounded flights and took the news off the air. Was this just a hiccup or a warning of much worse to come?
By Simon Wilson Published
-
Revolut finally bags a UK banking licence – what's next for the fintech?
Revolut has finally been granted a UK banking licence following three years of negotiations with the regulator
By Kalpana Fitzpatrick Published