Spirent Communications Plc has announced an interim dividend of 2.63 cents per Ordinary Share is equivalent to 2.16 pence per Ordinary Share (first half 2021: 1.72 pence). The dividend will be paid to Ordinary shareholders on 16 September 2022 and to ADR holders on 23 September 2022. The dividend is payable to all shareholders on the Register of Members at the close of business on 12 August 2022.
Other Financial Highlights:
A strong performance across all end markets, with a record orderbook bringing greater revenue visibility.
5G once again proved to be a strong, enduring growth driver, with over 350 new contracts from more than 130 customers in the first half.
An increased sales investment, developing focus on strategic growth sectors such as hyperscaler providers and chipset vendors while further expanding successful key account programme, resulting in strong order intake growth.
Services and managed solutions growth continued with multiple large wins, delivering revenue growth of 17 per cent over the first half of 2021.
Resilient and experienced supply chain management enabled the Group to handle component delays well with minimal impact to delivery schedules. It is anticipated that further active management of supply chain risks will be required through the remainder of the year.
Revenue in Lifecycle Service Assurance segment, which accounts for 45 per cent of Group revenue in the first half of 2022, grew 10 per cent.
Next-generation Live Assurance solution was launched(Vantage - the next-generation of VisionWorks, 5G mobility service assurance solution) to meet growing demand outside of North America.
Networks & Security revenue up 9 per cent as increases in data traffic and Cloud growth drove data centre upgrades.
Good growth in Wi-Fi test following successful acquisition, octoScope, last year.
