9th Jul 2015 07:17
LONDON (Alliance News) - Communications technology company Spirent Communications PLC on Thursday said its order intake in the second quarter was ahead of its expectations, even as revenue fell slightly beneath its forecasts.
Spirent said its order intake in the second quarter to the end of June rose by 10% to around USD127 million, ahead of its expectations. But while revenue grew by 12% to USD122 million, this slightly missed its expectations due to orders being received too late in the quarter to be converted into recognised revenue.
For the first half, order intake was around USD226 million, up from USD217.1 million a year earlier, while revenue was USD218 million, down from USD221 million.
Spirent shares were trading 2.5% higher in early trade on Thursday at 91.5 pence, one of the best performers in the FTSE All-Share.
By Sam Unsted; [email protected]; @SamUAtAlliance
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