Halt to Chinese manufacturing impacts EXFO’s Q2 sales

QUEBEC CITY — Telecom testing equipment and analytics solution provider EXFO Inc. announced Tuesday afternoon its financial results for the second quarter ended February 29, reporting the Covid-19 outbreak in China had negatively impacted its sales and earnings for the quarter. The Quebec City-based company’s sales totalled US$55.3 million in the second quarter of fiscal 2020, down from US$73.9 million in the same quarter of 2019, primarily due to the negative impact of Covid-19 which forced EXFO to temporarily shut down its manufacturing operations in China, the company explained in its news release. Test and measurement sales accounted for 68%...