EXFO sees "record" Q2 sales and bookings; buys NetHawk Oyj

QUEBEC CITY – Despite a drop in net earnings, EXFO reported “record” sales and bookings for its second quarter ended February 28, 2010.Sales increased by 16.7% to US$54.1 million from $46.4 million in the second quarter of 2009, and were up 18.8% from $45.6 million in the first quarter of 2010. Net bookings improved 22.2% to $57.8 this quarter from $47.3 million in the same period last year, and up 10.8% from $52.2 million in the first quarter of 2010. The company's book-to-bill ratio was 1.07 this quarter.Gross margin decreased to 60.0% of sales quarter-over-quarter, from 63.9% in the first quarter...