EXFO Inc. (NASDAQ: EXFO; TSX: EXF) sales reached USD53.6 million in the second quarter of fiscal 2016 compared to USD51.0 million in the second quarter of 2015 and USD55.2 million in the first quarter of 2016, the company said.
At the halfway mark of fiscal 2016, sales increased 1.0 percent year-over-year to USD108.8 million.
Bookings attained USD59.7 million in the second quarter of fiscal 2016 compared to USD54.7 million in the same period last year and USD58.5 million in the first quarter of 2016. The company´s book-to-bill ratio was 1.11 in the second quarter of 2016 and 1.09 at the halfway mark of 2016, leading to year-over-year bookings growth of 8.5 percent after two quarters.
Gross margin before depreciation and amortization* amounted to 64.7 percent of sales in the second quarter of fiscal 2016 compared to 61.7 percent in the second quarter of 2015 and 63.5 percent in the first quarter of 2016. After six months into fiscal 2016, gross margin accounted for 64.1 percent of sales compared to 62.1 percent for the same period in 2015.
EXFO provides communications service providers (CSPs) with test orchestration and performance intelligence solutions to ensure the smooth deployment, maintenance and management of next-generation, physical, virtual, fixed and mobile networks.