Spirent Communications (UK) (GB:SPT) has released an update.
Spirent Communications confirms its first-quarter revenue for 2024 aligns with management expectations, despite being slightly lower than the previous year, and maintains a strong financial stance with $135 million in cash reserves. The company continues to secure significant deals within the automation and assurance sectors, including a competitive benchmarking solution with a US Tier 1 service provider and an Open RAN order with a hyperscaler customer. Amidst ongoing acquisition offers from Viavi Solutions and Keysight Technologies, Spirent has decided to retain its existing reporting segments.
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