Exfo's fiscal 2020 revenues decrease due to Covid impact

QUEBEC CITY — Telecom testing and analytics solutions supplier EXFO Inc. reported today its financial results for the fourth quarter and fiscal year ended August 31, 2020, which saw the Quebec City-based company’s revenue negatively impacted by the Covid-19 pandemic. “In fiscal 2020, EXFO experienced the unprecedented impact of the coronavirus pandemic on the global economy which, in turn, adversely affected our revenues and profitability. However, I’m pleased to see EXFO close its fourth quarter on a positive note with strong revenues and cash flows from operations,” said Philippe Morin, EXFO’s CEO in a press release announcing the company’s fiscal...