Product category: Stand-Alone Instruments
News Release from: Exfo Electro-Optical Engineering
Edited by the Electronicstalk Editorial Team on 9 April 2007
Electro-optical company announces earnings
Exfo Electro-Optical Engineering has reported year-over-year increases in sales and net earnings for the second quarter ended 28th February, 2007
Related stories
Management tool for optical test data
Tool manages, analyses and reports on all types of optical test including optical loss, optical return loss, optical time-domain reflectometry, polarisation mode dispersion and chromatic dispersion
Automated fibre network quality monitoring system
An automated network quality monitoring system (NQMS) helps to maximise the quality of service (QoS) of optical fibre installed in access, metro and long-haul networks
Sales increased 17.1% to US $35.2 million in the second quarter of fiscal 2007 from US $30.1 million in the second quarter of 2006 and decreased 1.0% from US $35.5 million in the first quarter of 2007. At the half-way mark of fiscal 2007, sales rose 23.9% year-over-year to US $70.8 million.
Net bookings increased 28.8% to US $36.5 million for a book-to-bill ratio of 1.04 in the second quarter of fiscal 2007 from US $28.3 million in the same period last year and decreased 1.4% from US $37.0 million in the first quarter of 2007.
Gross margin improved to 57.5% of sales in the second quarter of fiscal 2007 from 55.3% in the second quarter of 2006 and 57.2% in the first quarter of 2007.
GAAP net earnings in the second quarter of fiscal 2007 increased 96.5% to US $2.7 million, or US $0.04 per diluted share, from US $1.4 million, or US $ 0.02 per diluted share, in the same period last year, but decreased 24.0% from US $3.5 million, or US $0.05 per diluted share, in the first quarter of 2007.
Further reading
Reflectometers cover full network range
OTDRs provide end-to-end characterisation of optical networks
Handheld OTDR resolves fibre faults to 0.8m
Lightweight handheld OTDR has been designed with the new reality of field technicians in mind
GAAP net earnings in the second quarter of fiscal 2007 included US $0.6 million in amortisation of intangible assets and US $0.2 million in stock-based compensation costs.
'I am satisfied about our financial results with bookings improving almost 30% year-over-year and GAAP net earnings nearly doubling during the same period, despite a challenging second quarter due to seasonality', said Germain Lamonde, EXFO's Chairman, President and CEO.
'While net earnings are improving much faster than sales and bookings, I am particularly pleased that we are building a strong presence in strategic market areas like next-generation networking, broadband deployments for triple-play offerings, convergence to IP including all-important IPTV services, as well as growing FTTx rollouts'.
'We have accelerated the development of our rich product families in key market segments while expanding our global reach to continue growing faster than our end-markets - like we have done in the past 21 years', Lamonde added.
'Our 12 product launches at the half-way mark of the fiscal year, plus several others introduced early in the third quarter, are strengthening our competitive position in strategic market segments and should help us accelerate market-share gains'.
'As a result, I expect that sales will increase significantly in the second half of fiscal 2007'.
• Exfo Electro-Optical Engineering: contact details and other news
• Email this news to a colleague
• Register for the free Electronicstalk email newsletter
• Electronicstalk Home Page
Related Business News
Ni Labview Real-time Now Targets Wind River Vxworks Rtos
National Instruments has extended the NI LabVIEW graphical programming environment to now target the Wind River VxWorks real-time operating system , which has been deployed in more than 350 million devices worldwide including the lat
Board: Druggists Must Fill Prescriptions
Druggists who believe 'morning-after' birth control pills are tantamount to abortion can't stand in the way of a patient's right to the drugs, state regulators have decided.
Sec Aide: Risk In Credit-default Swaps
The Securities and Exchange Commission is raising the possibility that an increasingly popular type of financial instrument may be used to engage in insider trading -- but there may be questions about the SEC's jurisdiction over the products.
Company Profile for Intelligentz Corporation
Intelligentz provides not only a cutting edge RFID solution, but the software to make it work. Dedication makes us strive to exceed all of your expectations.
Tcdi(r) Announces Staff Additions
Tcdiâ® , a market leader in Litigation Technology, today announces the addition of five new employees.
Search the Pro-Talk network of sites
