EXFO reports second quarter results for fiscal 2019
EXFO Inc - Subordinate Voting Shares (EXFO)
Last exfo inc - subordinate voting shares earnings: 4/7 04:08 pm
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US:NASDAQ Investor Relations:
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Source: PR Newswire
Sales increased 14.2% to US$73.9 million, high end of guidance range Bookings improved 16.0% to US$76.1 million, book-to-bill ratio of 1.03 IFRS net earnings reached US$5.2 million, US$0.09 per share Adjusted EBITDA totaled US$8.8 million, 11.9% of sales Cash flows from operations surged to US$18.7 million QUEBEC CITY, April 2, 2019 /PRNewswire/ - EXFO Inc. (NASDAQ: EXFO) (TSX: EXF), the communications industry's test, monitoring and analytics experts, reported today financial results for the second quarter ended February 28, 2019.IFRS sales increased 14.2% to US$73.9 million in the second quarter of fiscal 2019 from US$64.7 million in the second quarter of 2018. Second-quarter sales for 2019 included a US$7.5 million revenue contribution from Astellia, which was reduced by US$0.6 million to account for acquisition-related fair value adjustment of deferred revenue. In comparison, Astellia had generated US$1.8 million in revenue for one month in the second quarter 2018.Bookings, which
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