Spirent 's (SPT) business of testing communications networks and devices is subject to rapid technological change, making it critical that the company is in the right place at the right time. To that end, these results provide some reasons for optimism. Adjusted operating profit jumped over 70 per cent to $10.4m (£7.8m) as damage limitation in the wireless business kicked in.
The wireless arm has been hit by fierce competition in smartphone testing and a lull in manufacturer demand as 4G matures. First-half wireless revenue dropped 15 per cent to $56m, but cost-cutting and a better margin mix meant operating profit almost doubled to $4.7m. The service assurance business, meanwhile, managed to increase operating profit by over two-thirds to $6.1m, despite a fall in revenue as a large contract ended.