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News Release from: Exfo Electro-Optical Engineering
Edited by the Manufacturingtalk Editorial
Team on 29 June 2007
Growth for telecommunications test and
measurement
Exfo Electro-Optical Engineering has reported sales growth of 11.4 percent and a bookings increase of 19.9 percent for the third quarter of 2007.
Exfo Electro-Optical Engineering has reported strong sequential sales growth and record bookings for the third quarter ended May 31, 2007 Sales increased 10.7 percent to US$39.2 million in the third quarter of fiscal 2007 from US$35.4 million in the third quarter of 2006 and 11.4 percent from US$35.2 million in the second quarter of 2007
This article was originally published on Manufacturingtalk on 13 Jun 2007 at 8.00am (UK)
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Exfo has enhanced its OTDR software suite to add very powerful testing capabilities that reduce training time by making testing simpler and faster than ever.
Net bookings improved 15.2 percent to a record-high US$43.7 million for a book-to-bill ratio of 1.12 in the third quarter of fiscal 2007 from US$37.9 million in the same period last year and 19.9 percent from US$36.5 million in the second quarter of 2007.
Gross margin amounted to 57.1 percent of sales in the third quarter of fiscal 2007 compared to 56.4 percent in the third quarter of 2006 and 57.5 percent in the second quarter of 2007.
GAAP net earnings in the third quarter of fiscal 2007 reached US$2.6 million, or US$0.04 per diluted share, compared to US$3.5 million, or US$ 0.05 per diluted share, in the same period last year and US$2.7 million, or US$0.04 per diluted share, in the second quarter of 2007.
Further reading
Ethernet test module for higher-layer test
Exfo Electro-Optical Engineering has announced the release of a new Ethernet test module, the FTB-8510B Packet Blazer, for advanced Ethernet and higher-layer test applications.
High-definition television version 2 test module
Exfo Electro-Optical Engineering has announced the first handheld test set to support Internet protocol television (IPTV) and high-definition television version 2 (VDSL2) test module.
Given that the Canadian dollar increased more than 9 percent compared to the US dollar in the third quarter of 2007, Exfo incurred a foreign-exchange loss of US$0.6 million or US$0.01 per diluted share.
GAAP net earnings in the third quarter of 2007 included US$0.7 million in amortization of intangible assets as well as US$0.2 million in stock-based compensation costs.
"I am pleased with our strong sequential sales growth and record bookings that resulted in a book-to-bill ratio of 1.12 for the third quarter," said Germain Lamonde, Exfo's Chairman, President and CEO.
"This robust performance is due to strong execution across the Americas and EMEA, the diversification of revenue over a wider customer base, as well as market-share gains in protocol and optical testing.
We're increasingly exploiting our competitive advantages in next-generation IP testing and optical access test markets".
"Thanks to strong bookings, we expect significant growth in the fourth quarter as reflected by a $5 million sequential increase in sales guidance," Mr Lamonde added.
"Based on these projections, we should conclude fiscal 2007 with nearly 20 percent sales growth, almost double the industry average, and an even higher increase in GAAP net earnings.
These figures are in line with our long-term objectives to grow revenues faster than our end-markets and increase earnings faster than revenues.
As a result, Exfo should increase market-share gains for a 22nd consecutive year based on superior market-leading innovation and quality of execution".
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