Full Year Results 

Special cash from Spirent

Special cash from Spirent

A year ago, Spirent Communications (SPT) was plunged into a full-year loss due to falling demand for its wireless division, leading the company to incur a $69m (£50m) impairment charge. The testing specialist is now back in the black, underpinned by a rise in the adjusted operating margin from 10.2 per cent to 13 per cent, which helped to drive EPS ahead of analysts’ expectations. Investors were also cheered by news of a 5ȼ special dividend, judging by a double-digit rise in the share price on results day.

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