Fact Sheet

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Ticker: LSE: SPT
Sector: Technology Hardware & Equipment

Description of the Business

Spirent is a global leader in test and measurement inspiring innovation within development labs, communication networks and IT organisations. Spirent’s activities are organised into three business segments Performance Analysis, Service Assurance and Systems. Spirent employs c. 1,400 people worldwide.

Performance Analysis - 2010 Revenue $365.8m

Spirent puts innovation to the test. With a concentration on Ethernet, data center (including cloud computing and virtualization), mobility and satellite positioning, as well as the applications that enrich these networks, Spirent’s Performance Analysis division facilitates device and network testing, from the research and development stage to the launch of communications networks and services. We push the limits of these networks, their elements, mobile and satellite positioning devices and applications by allowing equipment makers and service providers to subject their offerings to lab-based functional, conformance and performance testing that simulates real-world conditions, before a commercial launch.

Service Assurance - 2010 Revenue $57.0m

Spirent’s service assurance solutions allow service providers to diagnose, troubleshoot and determine how to resolve issues with networks and systems within the live network. Building on the expertise gained through testing technologies and systems in the lab, Spirent enables service providers to deploy and maintain efficient, cost effective and high performing networks, helping to reduce subscriber churn by providing better quality of experience. Spirent’s solutions also allow service providers to reduce operational costs through better identification of potential network problems, from the core of the network to inside the subscriber’s home, and use of the most appropriate resources to address those issues.

Systems - 2010 Revenue $59.4m

Systems comprises PG Drives Technology, a leading supplier of sophisticated electronic control systems for electrically powered vehicles in the medical mobility and industrial markets. These include vehicles such as powered wheelchairs and mobility scooters as well as industrial vehicles such as floor cleaning vehicles, fork-lift trucks, aerial access platforms and golf carts.

Management

Bill Burns, Chief Executive Officer

Bill Burns was appointed Chief Executive Officer on 6 November 2008, having previously led the Group’s Communications division. He is responsible for overall leadership, strategy, investments, coordination of resources and leveraging Spirent’s breadth and depth of technology across all of Spirent’s business units.

Eric Hutchinson, Chief Financial Officer

Eric Hutchinson was appointed Finance Director on 1 January 2000, having previously been responsible for all financial reporting and control within the Group. He is a Fellow of the Chartered Association of Certified Accountants, and a member of the Financial Reporting Review Panel.

Key Financials

Notes
1. Dividends are determined in US dollars and paid in sterling at the exchange rate prevailing when the dividend is proposed or declared.
2. Before share-based payment, acquired intangible asset amortisation, acquisition expenses and prior year tax.
3. Restated due to the change in the Group’s reporting currency. 
 

Share Price Information

Major Shareholders**