|
Spirent Communications PLC on Wednesday said trading in the first quarter of 2025 remained in line with its plans, ahead of its impending takeover by Keysight Technologies Inc. The Crawley, England-based test and assurance solutions provider said orders and revenue in the first quarter that ended March 31 was in line with the year before, maintaining its strong orderbook. Its Positioning business won an ‘industry-first’ contract during the three-month period, which will use new intellectual property to simulate the lunar environment, supporting space exploration. Meanwhile, the firm saw ‘some slight delays’ in its assurance solutions, though this was offset by strong demand for high-speed Ethernet. ‘We continue to manage global market challenges and engage closely with our customers, understanding their needs in order to support them with their development plans. Our market drivers remain intact and, as a result, we continue to invest in and deliver our product roadmap,’ Spirent said. The company said it was ‘carefully reviewing’ US tariff changes, and intends to take mitigating actions as they come into effect. This will include customer surcharges and logistical changes to its global sourcing and delivery routes. ‘We will continue to monitor any potential impacts on customer buying patterns and order timings’, it added. Spirent expects its takeover by Keysight to become effective during the third quarter of 2025, which had been previously been delayed from an expected completion at the end of April. The firm agreed to the £1.16 billion acquisition by the Santa Rosa, California-based manufacturer of electronics test and measurement equipment and software in March last year. Shares in Spirent Communications were down 0.1% at 184.80 pence each in London on Wednesday morning. The stock is down 4.5% over the past year. Copyright 2025 Alliance News Ltd. All Rights Reserved.
|
