Spirent revenues hit by drop in orders

Spirent Communications said revenue in the first half would drop by 20 per cent, due to lower orders in the first quarter and a weak performance at its networks and applications unit.

The telecoms testing company estimates first-half revenue of $189.5m (£125.1m), compared with $236.1m in the year-ago period.

Revenue is expected to fall by $26m to $92.7m in the second quarter.

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However, order intake in the quarter ended June 30 grew 10 per cent to $119m, the company said in a statement.

The recovery in the market was much slower than originally anticipated for networks and applications, Spirent said.

Shares in the company have lost about 11 per cent of their value since the beginning of the year.