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EXFO reports healthy revenue increase

EXFO Electro-Optical Engineering Inc. reported today record sales for the fiscal year ended August 31, 2008.


October 15, 2008  


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EXFO Electro-Optical Engineering Inc. reported today record sales for the fiscal year ended August 31, 2008.

Annual sales increased 20.2% to US$183.8 million in fiscal 2008 from US$152.9 million in 2007.

In the fourth quarter of 2008, sales reached US$50.9 million compared to US$48.6 million in the previous quarter and US$43.0 million in the fourth quarter of 2007.

Overall for fiscal 2008, net accepted orders increased 17.8% to a record-high of US$184.6 million for a book-to-bill ratio of 1.00.

In the fourth quarter of 2008, net bookings totaled US$45.7 million compared to US$50.7 million in the third quarter of 2008 and US$39.5 million in the fourth quarter of 2007.

Gross margin improved to 58.9% of sales in fiscal 2008 from 57.4% in 2007.