EXFO Posts Q2 Profit

(RTTNews) - EXFO Inc. (EXFO, EXF.TO) reported second-quarter earnings of $5.2 million or $0.09 per share, compared to a loss of $4.7 million or $0.08 per share.

Sales increased 14.2% to $73.9 million from $64.7 million last year.

Sales for the quarter included a $7.5 million revenue contribution from Astellia, which was reduced by $0.6 million to account for acquisition-related fair value adjustment of deferred revenue.

Analysts polled by Thomson Reuters estimate earnings of $0.05 per share and revenues of $72.76 million for the quarter.

"EXFO delivered outstanding second quarter results with strong revenue and bookings growth, profitability and cash flow generation—all encouraging signs for our T&M and SASS product families and the leverage in our operating model," said EXFO's CEO Philippe Morin.

Looking forward to the third quarter, EXFO forecasts sales between $70.0 million and $75.0 million and loss per share of $0.04 and $0.00 per share.