The outlook for 2024 remains unchanged for British telecommunications testing firm Spirent Communications plc, the company said on Wednesday.
The provider of automated test and assurance solutions for next-generation devices and networks said that revenue for the first quarter covering the period January 1 to March 31 was in line with the management plan, though modestly behind the same comparator period for last year.
The company acknowledged that the previously taken cost-saving actions have continued to favourably impact its performance.
Given the ongoing offer process in respect of cash offers received from both Viavi Solutions Inc and Keysight Technologies Inc, the company said it was now not proposing to evolve its external reporting segments.
It added that it would continue to report financial results for both the networks and security, and lifecycle assurance segments.