EXFO Inc. (NASDAQ: EXFO) (TSX: EXF) sales in the fourth quarter of fiscal 2016 reached USD62.9 million compared to USD60.9 million in the third quarter of 2016 and USD56.6 million in the fourth quarter of 2015, the company said.
Annual sales increased 4.7% to USD232.6 million in fiscal 2016 from USD222.1 million in 2015.
Bookings totaled USD62.4 million for a book-to-bill ratio of 0.99 in the fourth quarter of fiscal 2016 compared to USD59.7 million in the third quarter of 2016 and USD54.9 million in the fourth quarter of 2015. Overall for fiscal 2016, bookings increased 7.7% to USD240.3 million for a book-to-bill ratio of 1.03 from USD223.1 million in 2015.
EXFO provides communications service providers with test orchestration and 3D analytics solutions to ensure the smooth deployment, maintenance and management of next-generation, physical, virtual, fixed and mobile networks. The company has also forged strong relationships with network equipment manufacturers to develop deep expertise that migrates from the lab to the field and beyond.