Test & Measurement

Spirent 2011 Operating Profit Hits $122M

LONDON -- Spirent Communications plc ("Spirent", the "Company" or the "Group") (LSE: SPT), a leading communications technology company, today announces its preliminary results for the financial year ended 31 December 2011.

Financial highlights
  • Group revenue up 10% to $528.2 million (2010: $482.2 million) reflecting growth across all regions, with a book to bill ratio of 102 (2010: 105).
  • Performance Analysis, our major division, saw revenue up 14% with strong growth in wireless, positioning and data center technologies. Service Assurance and Systems saw slightly lower sales, down 5% and 3%, respectively.
  • Adjusted Group operating profit up 10% to $125.9 million (2010: $114.5 million). Reported operating profit $122.0 million (2010: $112.7 million). Growth in Performance Analysis 18%.
  • Basic earnings per share rose 20% to 14.18 cents (2010: 11.77 cents). Adjusted basic earnings per share up 17% to 13.92 cents (2010: 11.89 cents).
  • The strong financial performance supports an increase of 17% in total dividend to 2.93 cents per share; final dividend proposed 1.67 cents per share (equivalent to 1.05 pence per share).
  • Return on sales, based on adjusted operating profit, maintained at 24% after increasing investment in product development for future growth.
  • Free cash flow of $76.1 million (2010: $82.6 million) reflected an increased investment in the business.

    Spirent Communications plc

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