Trading results in the third quarter were in line with expectations for both revenues and operating profit
October 17, 2007
LONDON -- 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 forboth revenues and operating profit. We anticipate that results for thesecond half as a whole will also meet our expectations.
Financial Position
The Company recommenced the buyback of shares, with £16.8 million of cashbeing returned through share buybacks in the quarter, a purchase of 27.4million shares by the Company. The closing number of shares in issue(excluding shares held in treasury) was 860.9 million at the 30 September2007. Cash and cash equivalents stood at £104.4 million at the end ofquarter.
The results of the Board's Strategic Review are expected to be announced toshareholders on 5 November 2007.
Spirent Communications plc
You May Also Like
