QUEBEC CITY – Canadian telecom test and measurement equipment manufacturer EXFO Electro-Optical Engineering saw no change in its sales from its first quarter to its second quarter of fiscal 2009, as sales figures remained constant at US$46.4 million.
The sales for its second quarter, ended February 28, 2009, were 7.1% higher than the US$43.3 million reported in the second quarter of 2008.
Net bookings improved 6.3% to US$47.3 million for a book-to-bill ratio of 1.02 in the quarter, 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.
Gross margin reached 60.4% of sales in this quarter, down from 62.3% in the first quarter, and after six months into fiscal 2009, gross margin attained 61.4% compared to 57.0% in the same period last year.
The company’s Protocol business, which includes Brix Networks and Navtel Communications, generated “record” quarterly sales, accounting for more than 40% of Telecom division revenue.
"Given the challenging market environment and typical seasonality, I’m rather pleased with our revenue and earnings performance in the second quarter, as well as with our confirmed global market leadership in Optical testing and continued progress in our Protocol test and service assurance business that reached above 40% of Telecom division revenues for the first time," said Germain Lamonde, chairman, president and CEO, in the press release.
