EXFO Electro-Optical Engineering Inc. today reported year-over-year growth in sales, net earnings and gross margin ...
January 10, 2007
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.