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Spirent Reports Q3 Op Profit of $25.9M

November 09, 2012 |

LONDON -- Spirent Communications plc ("Spirent", the "Company" or the "Group") (LSE: SPT), a leading communications technology company, announces the following unaudited Interim Management Statement for the period from 1 July 2012 to date. Unless otherwise stated the financial information is for the three months ended 30 September 2012. The sale of the Systems Division announced on 24 September 2012 was completed on 1 November 2012. The Systems Division has been classified as a discontinued operation in these results and comparatives have been restated to reflect this disposal.

Trading to date
As anticipated at the time of Spirent's half-year results announcement market conditions during the third quarter were challenging, due to macro-economic factors. This caused our customers to exercise caution in the timing of their investment decisions which in turn tempered our short term growth rates.

Results summary
The results for the third quarter and for the first nine months of 2012 for the continuing Group are set out below:

Table 1: Spirent Results Summary

$ million Q3 2012 Q3 2011 9M 2012 9M 2011
Reported
Revenue 111.7 115.4 347.8 345.2
Operating profit 25.9 28.6 79.1 79.2
Basic EPS (cents) 2.77 2.95 8.44 8.38
Free cash flow 17.1 25.8 67.5 42.9
Adjusted
Operating profit 28.2 29.3 87.8 82.5
Basic EPS (cents) 3.11 3.06 9.61 8.80
Source: Spirent

Spirent Communications plc


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