EXFO Q4 2017 results

EXFO Inc. (NASDAQ: EXFO) (TSX: EXF), the network test, monitoring and analytics experts, has announced financial results for the fourth quarter and fiscal year ended August 31, 2017.

Sales in the fourth quarter of fiscal 2017 reached USD 63.0 million compared to USD 58.5 million in the third quarter of 2017 and USD 62.9 million in the fourth quarter of 2016. Annual sales increased 4.6% to USD 243.3 million in fiscal 2017 from USD 232.6 million in 2016.

Bookings totaled USD 66.3 million for a book-to-bill ratio of 1.05 in the fourth quarter of fiscal 2017 compared to USD 63.7 million in the third quarter of 2017 and USD 62.4 million in the fourth quarter of 2016. Overall for fiscal 2017, bookings increased 4.8% to USD 251.8 million for a book-to-bill ratio of 1.03 from USD 240.3 million in 2016.

EXFO develops smarter network test, monitoring and analytics solutions for the world´s communications service providers, network equipment manufacturers and webscale companies.