17th Oct 2007 07:00
Spirent Communications PLC17 October 2007 SPIRENT COMMUNICATIONS PLC THIRD QUARTER TRADING UPDATE London, UK - 17 October 2007: Spirent Communications plc ("Spirent" or "theCompany") (LSE: SPT), a leading communications technology company, todayannounces a trading update for the quarter ended 30 September 2007. Trading Update Trading results in the third quarter were in line with our expectations for bothrevenues and operating profit. We anticipate that results for the second halfas a whole will also meet our expectations. Financial Position The Company recommenced the buyback of shares, with £16.8 million of cash beingreturned through share buybacks in the quarter, a purchase of 27.4 millionshares by the Company. The closing number of shares in issue (excluding sharesheld in treasury) was 860.9 million at the 30 September 2007. Cash and cashequivalents stood at £104.4 million at the end of quarter. The results of the Board's Strategic Review are expected to be announced toshareholders on 5 November 2007. - ends - Enquiries Edward Bramson, Executive Chairman Spirent Communications plc +44 (0)1293 767676Eric Hutchinson, Chief Financial OfficerAndrew Dowler/Harriet Keen Financial Dynamics +44 (0)20 7831 3113 About Spirent Communications plc Spirent Communications plc is a leading communications technology companyfocused on delivering innovative systems and services to meet the needs ofcustomers worldwide. We are a global provider of performance analysis andservice assurance solutions that enable the development and deployment ofnext-generation networking technologies such as broadband services, Internettelephony, 3G wireless and web applications and security testing. The Systemsgroup develops power control systems for specialist electrical vehicles in themobility and industrial markets. Further information about SpirentCommunications plc can be found at www.spirent.com. Spirent Communications plc Ordinary shares are traded on the London StockExchange (ticker: SPT). The Company operates a Level 1 American DepositaryReceipt ("ADR") programme with each ADR representing four Spirent Communicationsplc Ordinary shares. The ADRs trade in the US over-the-counter ("OTC") marketunder the symbol SPMYY and the CUSIP number is 84856M209. Spirent and the Spirent logo are trademarks or registered trademarks of SpirentCommunications plc. All other trademarks or registered trademarks mentionedherein are held by their respective companies. All rights reserved. Cautionary statement This document may contain forward-looking statements which are made in goodfaith and are based on current expectations or beliefs, as well as assumptionsabout future events. You can sometimes, but not always, identify thesestatements by the use of a date in the future or such words as "will","anticipate", "estimate", "expect", "project", "intend", "plan", "should","may", "assume" and other similar words. By their nature, forward-lookingstatements are inherently predictive and speculative and involve risk anduncertainty because they relate to events and depend on circumstances that willoccur in the future. You should not place undue reliance on theseforward-looking statements, which are not a guarantee of future performance andare subject to factors that could cause our actual results to differ materiallyfrom those expressed or implied by these statements. The Company undertakes noobligation to update any forward-looking statements contained in this document,whether as a result of new information, future events or otherwise. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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