Why the Spirit (ASX:ST1) share price is surging 10% higher today

The Spirit Technology Solutions Ltd (ASX: ST1) share price is shooting higher today. This comes after the company announced record results for the first-half of the 2021 financial year.

In early-morning trade, the company’s shares swapping hands at 44 cents, up 10%.

How did Spirit perform for H1 FY21?

The Spirit share price is soaring today after the tele-communications company advised it had achieved record growth across all key business segments.

For the period ending 31 December, Spirit reported first-half total revenue of $42.7 million, reflecting a 243% increase year-on-year (YoY). The second-quarter did most of the heavy lifting, contributing $27.1 million, a jump of 338% YoY and 73% on the first quarter of FY21.

The robust…