EXFO's Q3 sales improve; lauds Canadian government assistance

QUEBEC CITY — Telecom testing and analytics solutions supplier EXFO Inc. reported today third quarter results which showed a poorer performance for the company year-over-year but some indications of recovery from the impact of the Covid-19 pandemic felt in its previous quarter. “Despite constraints and restrictive measures in many countries, EXFO navigated through the coronavirus pandemic with a solid financial performance in the third quarter of 2020,” said CEO Philippe Morin, in the news release. “We delivered encouraging sales in a difficult environment and proactively implemented cost controls, while benefiting from a Canadian government wage subsidy program. The end result...