Cable / Telecom News

EXFO’s Q2 sales jump 25%

QUEBEC CITY — Telecom testing and monitoring solution provider EXFO Inc. today reported its sales reached US$69.3 million in the second quarter ended February 28, 2021. This represents a 25.2% increase over the US$55.3 million in revenue the company reported in the coronavirus-impacted second quarter of 2020, during which EXFO’s manufacturing facility in Shenzhen, China was forced to shut down for one month. (The Quebec-based company reports its financial results in U.S. dollars.) For the second quarter of 2021, the company’s test and measurement sales grew 36.8% to US$51.3 million, compared to US$37.5 million in the second quarter of 2020....