Focusrite revenue in line with its expectations in Q1 amid 'strong' demand

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Focusrite said revenue was in line with management's expectations in the first quarter of its fiscal year, driven by 'strong' demand.

The continued to flag supply constraints due to the global shortage of components and tightness in supply chains.

Freight and shipping costs remained 'significantly' higher than normal. the company said.

'Although these challenges remain unpredictable, not least because of the Omicron variant, we are currently managing them in line with our expectations,' it added.

Recent acquisitions, which continued to settle in well, were expected to have a positive effect in the latter part of FY22 and into FY23.