Communications technology firm Spirent said profits increased by 7% to $31.1m in the three months to the start of November.
Revenue grew by 6% to $130.2m, with basic earnings per share rising 11% to 3.23 cents.
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
The firm said it had seen continued strong growth in demand for its wireless, positioning and data centre test solutions.
This offset weaker demand in its service assurance and systems business.
"Regionally Asia Pacific continued to grow strongly, with macro-economic concerns weighing on North America and Europe," the firm said.
"We expect similar market conditions will remain through the fourth quarter this year."
-
Reeves urged to axe stamp duty from UK shares held in an ISAChancellor Rachel Reeves is reportedly considering axing stamp duty from UK shares held in stocks and shares ISAs. What could it mean for your portfolio?
-
Family investment companies explained: how the ultra wealthy shield their money from the taxmanWealthy families are increasingly turning to family investment companies to keep more of their money away from HMRC – but what are these arrangements and how do they work?
