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EXFO reports revenue increase for Q1

EXFO Electro-Optical Engineering Inc. today reported year-over-year growth in sales, net earnings and gross margin ...


January 10, 2007  


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EXFO Electro-Optical Engineering Inc. today reported year-over-year growth in sales, net earnings and gross margin for the first quarter ending Nov. 30, 2006.

Excluding Consultronics, which was acquired last January, sales increased 21.8% year-over-year.

Net bookings improved by 21.0% year-over-year to US$37 million. That compares to US$30.6 million during the same period last year.

The Quebec City company said gross margin increased to its highest level in five years.

GAAP net earnings in the quarter totaled US$3.5 million, or US$0.05 per diluted share, compared to US$0.4 million, or US$ 0.01 per diluted share, in the same period last year.

EXFO designs and manufacturers portable optical test products that enable triple-play deployments and converged IP networking.