Calnex Solutions, the Linlithgow-based telecoms testing company, said its increasingly diversified product portfolio has driven growth.
The board said it had made an encouraging start to the new trading year with its product range broadening the group’s opportunities.
It has recently secured a digital infrastructure win with a major US financial institution, reinforcing the benefits of the diversification strategy.
As previously outlined, FY27 represents a year of targeted investment into key product launches and development of the market and customer relationships which are expected to underpin future growth.
In a pre-AGM statement it said the group’s key product development programmes “are progressing well” and the telecoms market has remained stable during the year to date, with Calnex well-positioned to benefit as demand recovers.
In parallel, the group continues to see attractive opportunities across digital infrastructure and government & defence.
Trading in the year to date has been in line with market expectations. Supported by a strong balance sheet, differentiated product roadmap and growing customer opportunities, the board remains confident in the group’s prospects for FY27 and continues to expect the targeted investment being made this year to support accelerated growth in FY28.
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