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EXFO reports strong quarterly results

EXFO Electro-Optical Engineering Inc. today reported  strong financial results for the second quarter ended Fe...


March 31, 2009  


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EXFO Electro-Optical Engineering Inc. today reported  strong financial results for the second quarter ended February 28.

    

Sales increased 7.1% to US$46.4 million in the second quarter of fiscal 2009 from US$43.3 million in the second quarter of 2008, but were flat compared to US$46.4 million in the first quarter of 2009.

 

Net bookings improved 6.3% to US$47.3 million for a book-to-bill ratio of 1.02 in the second quarter of fiscal 2009 from US$44.5 million in the same period last year, but dropped 9.6% from US$52.3 million in the first quarter of 2009.

 

At the mid-point of fiscal 2009, bookings and sales increased 12.9% and 10.1% year-over-year to US$99.6 million and US$92.7 million, respectively, for a book-to-bill ratio of 1.07.

 

Gross margin reached 60.4% of sales in the second quarter of fiscal 2009 compared to 58.3% in the second quarter of 2008 and 62.3% in the first quarter of 2009. After six months into fiscal 2009, gross margin attained 61.4% compared to 57% in the same period last year.