EXFO sales dip slightly YoY

EXFO Inc. (NASDAQ: EXFO) (TSX: EXF) said its sales in the fourth quarter of fiscal 2015 reached USD56.6 million compared to USD57.8 million in the third quarter of 2015 and USD59.7 million in the fourth quarter of 2014.

Annual sales decreased 3.8 percent to USD222.1 million in fiscal 2015 from USD230.8 million in 2014, but were stable year-over-year on a constant currency basis.

Bookings totaled USD54.9 million for a book-to-bill ratio of 0.97 in the fourth quarter of fiscal 2015 compared to USD59.2 million in the third quarter of 2015 and USD57.3 million in the fourth quarter of 2014. Overall for fiscal 2015, bookings decreased 7.2 percent to USD223.1 million for a book-to-bill ratio of 1.00 from USD240.4 million in 2014.

Gross margin before depreciation and amortization* attained 61.2 percent of sales in the fourth quarter of fiscal 2015 compared to 61.4 percent in the third quarter of 2015 and 63.0 percent in the fourth quarter of 2014. In fiscal 2015, gross margin reached 61.7 percent of sales compared to 62.4 percent in 2014.

EXFO enables extraordinary experiences on global networks. Its test, service assurance and network visibility solutions allow network operators, web-scale service providers and equipment manufacturers to deliver services, while increasing network capacity and reducing operating costs.