Quebec City-based EXFO Electro-Optical Engineering Inc. today reported year-over-year increases in sales and net ea...
April 4, 2007
Quebec City-based EXFO Electro-Optical Engineering Inc. today reported year-over-year increases in sales and net earnings for the second quarter ended February 28.
Sales increased 17.1% to US$35.2 million from US$30.1 million in the second quarter of 2006 and decreased 1.0% from US$35.5 million in the first quarter of 2007.
“I am satisfied (with) our financial results with bookings improving almost 30% year-over-year and GAAP net earnings nearly doubling during the same period, despite a challenging second quarter due to seasonality,” said Germain Lamonde, EXFO’s chairman, president and CEO.
“I am particularly pleased that we are building a strong presence in strategic market areas like next-generation networking, broadband deployments for triple-play offerings, convergence to IP including all-important IPTV services, as well as growing FTTx rollouts.”
The company designs and manufacturers portable optical test products that enable triple-play deployments and converged IP networking.