Stronger than expected bookings, sales, push EXFO Q1 results into the black

QUEBEC CITY - EXFO Electro-Optical Engineering has reported positive preliminary results for its first quarter, reversing its predictions of a net loss.Given a stronger-than-anticipated US dollar versus Canadian dollar and higher sales volume, EXFO said that it anticipates that its revenues will fall between US$45 and US$46 million for the first quarter of fiscal 2010 ended November 30, 2009, slightly above the US$40 to US$45 million guidance range.Due to stronger bookings than expected, the company's book-to-bill ratio is expected to be above 1 for the quarter.EXFO, which provides test and service assurance solutions for network operators and equipment manufacturers in the...