Spirent Communications launches 'Promise Assured' expansion initiative

Spirent Communications on Thursday launched a company-wide business initiative to pursue emerging technologies and new industries while extending into wider markets.

The telecommunications testing firm said its ‘promise assured’ branding initiative will focus on working with customers and leveraging relationships to further company development of innovative products and services.

Eric Hutchinson, chief executive of Spirent, said: "Exponential data growth and virtualisation continues at pace and we continue to expand our development business with important partnerships for 5G, including our recently announced collaboration with National Instruments for 5G device testing."

Elsewhere, the firm's financial results fell in-line with expectations as it reported that its first-half profit before tax increased 21% to $17.4m compared to the previous year, leading to the firm increasing its interim dividend by 5% to 1.76 cents per share.

The FTSE traded company reported that order intake grew by 3% to $128.9m, mainly driven by interest in cybersecurity and global navigation satellite systems.

Total revenues decreased from £213.6m to £209.2m, which Spirent attributed to its divestment from the Device Intelligence and Developer Tools lines of business.

"We continue to focus on core strategies matched to the growth opportunities offered by global trends to move products rapidly from development into network operations and to radically reduce costs," said Hutchinson.

Spirent Communications’ shares were down 0.88% at 113.00p at 1502 BST.