Restructured Spirent posts strong Q1 numbers

Spirent Communications has undergone heavy restructuring and recently hired a new CEO, and the test vendor's first-quarter earnings report suggests its is now heading in the right direction. Spirent reported $115 million in revenue for the quarter, and profit of $18.3 million, both figures on the increase from the same quarter last year.

There has been a wave of M&A activity in the test and network/service management sector of late, mostly among companies looking for the product breadth Spirent traditional has had. However, Spirent CEO Bill Burns tells Light Reading Europe that the company is not looking to sell.

For more:
- see this report at Light Reading Europe

Suggested Articles

BT has selected long-time technology partner Cisco as a key vendor for an upgrade to its internet peering platform.

The European Commission signed off on Vodafone's $22 billion deal to buy Liberty Global's cable networks in Germany and central Europe.

Despite some challenges, organizations of all sizes are using containers in more of their initiatives, including AI and machine learning.