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.
Spirent said it was on track to meet full year expectations.
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
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."
-
The year trust became the currency in the art marketOpinion Collectors looking for accountability are turning to smaller dealers, says Sarah Ryan of New Blood Art
-
FCA could lift ban on crypto ETNs for UK retail investorsSome hope that the consultation could lead to a lifting of the ban on crypto ETF sales in the future
