Spirent Communications (GB:SPT) has released an update.
Spirent Communications reports a 12% revenue decline in the first half of 2024, attributing the downturn to an industry-wide slowdown and customer uncertainty amid a takeover bid by Keysight Technologies. Despite these challenges, Spirent has advanced its diversification strategy, including new contract wins in the financial services sector and the release of innovative products like PNT X and Wi-Fi 7. The company maintains its focus on product development, client relationships, and talent retention during this transitional phase, while anticipating an eventual market recovery driven by 5G growth.
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