Spirent hails record Q3 order book

Spirent Communications reaffirmed its full-year expectations on Thursday as it hailed a record third-quarter order book.

In an update for the period from 1 July to 30 September, the company highlighted a continued positive performance, and said it maintained its high win rate despite some customers delaying decisions in recent weeks.

"Overall, given the strong performance in the year to date and the strength of our forward orderbook, we remain confident in our expectations for full year 2022 and beyond," it said.

Spirent also said it continued to see good order growth and secured a significant number of large contracts which will feed into next year's revenue performance "and beyond".

In the nine months to the end of September, revenues jumped 10%.

Chief executive Eric Updyke said: "Spirent will continue to benefit from the long-term structural growth drivers in our industry as our customers demand more rigorous end-to-end assurance and testing solutions to deliver faster, more resilient, more reliable networks.

"Our market leadership position and differentiated, high-quality operating model leaves us well placed to build on our track record of sustainable value creation through the cycle."