QUEBEC CITY – Canadian telecom test and measurement equipment manufacturer EXFO Electro-Optical Engineering today reported record sales for the fiscal year ended August 31, 2008. Annual sales increased 20.2% to a record-high of US$183.8 million in fiscal 2008. In the fourth quarter, sales reached US$50.9 million compared to US$48.6 million in the previous quarter and US$43.0 million in the fourth quarter of 2007. Overall for fiscal 2008, net accepted orders increased 17.8% to a record-high of US$184.6 million for a book-to-bill ratio of 1. In the fourth quarter of 2008, net bookings totaled US$45.7 million compared to US$50.7 million in...
