Calnex Solutions has reported a 38% increase in revenue from £9.3m to £12.7m year-on-year, backed by a 34% increase in profit before tax from £2.3m to £3.1m.
The Linlithgow-based provider of test and measurement solutions for the telecommunications sector released its unaudited results for the six months ended 30 September, which also showed that £1.3m of cash generated after £2.3m net costs for the recent iTrinegy acquisition.
The board has announced an interim dividend of 0.31p pence per share, to be paid in December.
The company's new network synchronisation product, Sentry, is due to be launched soon, enhancing its product offering for the cloud computing market.
Global supply chain shortages have been "successfully mitigated" to date, with scheduled orders largely shipping as planned.
The stock exchange update noted a strong order book and the board stated its confidence in performance being in line with market expectations.
Calnex's founder and chief executive Tommy Cook said: “Whilst it is sensible to look to the future with a degree of caution given the continuing component shortages and global macro-economic challenges, the company's positive trading performance during the period and proven ability to manage component shortages underpin the board’s confidence that the group’s performance will be in line with market expectations.
“The breadth of our customer base across multiple regions, ongoing successful expansion of the team and offering, and wealth of industry connections combine to place Calnex in a strong position to continue to benefit from the underlying long-term growth drivers in the telecoms and cloud computing markets.”
Don't miss the latest headlines with our twice-daily newsletter - sign up here for free.
