QUEBEC CITY – Canadian telecom test and measurement equipment manufacturer EXFO Electro-Optical Engineering reported first quarter growth across sales, net bookings and gross margins.
Sales grew by 13.1% to US$46.4 million from the same period last year, though decreased 9% from US$50.9 million in the fourth quarter of 2008.
The company reported that net bookings improved 19.7% year-over-year to a “record-high” of US$52.3 million for a book-to-bill ratio of 1.13 in the quarter, up from US$43.7 million in the same period last year, and 14.5% from US$45.7 million at the end of fiscal 2008.
Gross margin reached 62.3% of sales, its highest level since the second quarter of 2001, the press release continued.
"I am quite pleased with our record-high bookings of US$52.3 million and best gross margin in almost eight years in the last quarter, led by very strong growth from our next-generation, IP test equipment and recent service assurance acquisition that we’re starting to leverage," Germain Lamonde, EXFO’s chairman, president and CEO, said in the release.
