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...
