Wednesday, January 9, 2013

EXFO's Quarterly Revenue Declines but Company Optimistic on Higher Bookings

EXFO reported US$59.8 million in revenue for its first quarter of fiscal 2013, ended 30-Nov-2012, compared to US$66.4 million in the first quarter of 2012 and US$57.2 million in the fourth quarter of 2012. IFRS net loss in the first quarter of fiscal 2013 totaled US$1.6 million, or US$0.03 per share, compared to net earnings of US$2.9 million, or US$0.05 per diluted share, in the same period last year and a net loss of US$3.7 million, or US$0.06 per share, in the fourth quarter of 2012.


Bookings attained US$64.3 million in the first quarter of fiscal 2013 compared to US$71.4 million in the same period last year and US$55.2 million in the fourth quarter of 2012

"Despite a challenging environment during the last several quarters, I am increasingly optimistic about EXFO's opportunities for fiscal 2013 based on improving market conditions, recent investment plans announced by network operators and our highest bookings level in the past year," said Germain Lamonde, EXFO's Chairman, President and CEO. "

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