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EXFO reports healthy results for first quarter of 2009

Quebec City-based EXFO Electro-Optical Engineering Inc. today  reported strong financial results for the first...


January 13, 2009  


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Quebec City-based EXFO Electro-Optical Engineering Inc. today  reported strong financial results for the first quarter ended Nov. 30, 2008.

    

Sales increased 13.1% to US$46.4 million in the first quarter of fiscal 2009 from US$41.0 million in the first quarter of 2008, but decreased 9.0% from US$50.9 million in the fourth quarter of 2008.

 

Gross margin reached 62.3% of sales in the first quarter of fiscal 2009, the company’s highest level since the second quarter of 2001, compared to 55.7% in the first quarter of 2008 and 59.9% in the fourth quarter of 2008.