The telecommunications testing firm continues to operate and said it continued “to build momentum into the second quarter”
PLC () said the development of 5G continues “at pace” and it has secured “key orders” amid the coronavirus pandemic.
The telecommunications testing firm has implemented plans to continue operations and to ensure shipments to customers.
It also confirmed the payment of the previously announced dividend of 2.7p per share following shareholders’ approval.
As of 31 March, Spirent had US$208mln in the bank.
The FTSE 250-listed company added it has “continued to build momentum into the second quarter” following “strong results” in the previous period.
The three months to 31 March saw revenue advancing 12% and “robust” profit growth compared to last year.
“In light of this outlook and with the business clearly seeing strength across the entirety of its product portfolio, we remain strong buyers of the stock,” analysts at Liberum said.
Shares rose 4% to 238p on Wednesday morning.