EXFO's sales down slightly, earnings increase in face of pandemic

QUEBEC CITY — Telecom testing equipment and analytics solution provider EXFO reported Tuesday afternoon its sales continued to be negatively impacted by the coronavirus pandemic, although its earnings improved. According to its financial results for the first quarter ended November 30, 2020, sales decreased 2.8% year-over-year in the first quarter of 2021 to US$71.5 million (the Quebec-based company reports in U.S. dollars), down from US$73.6 million in the first quarter of 2020. Its test and measurement (T&M) segment sales dropped 9.8% to US$50.5 million in Q1 2021 from a record US$55.9 million in the first quarter of 2020, while its...