EXFO, Inc. (EXFO) Reports In-Line Q2 EPS

April 7, 2021 4:02 PM EDT

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EXFO, Inc. (NASDAQ: EXFO) reported Q2 EPS of $0.04, in-line with the analyst estimate of $0.04. Revenue for the quarter came in at $69.3 million versus the consensus estimate of $71.19 million.

"EXFO delivered another solid performance in the second quarter of 2021, marked by a robust book-to-bill ratio of 1.15 and healthy cash flows from operations of US$14.7 million," said EXFO's CEO Philippe Morin. "I am particularly pleased with our strong bookings that reflect increased market demand, driven by catch-up spending and early deployments of 5G, cloud-based networks, as communications service providers get a better handle on transforming their networks during the coronavirus pandemic. Recent success in securing multi-year contracts bodes well for the footprint expansion of our Nova Adaptive Service Assurance platform with a growing number of RFPs (requests for proposals) for 5G standalone network monitoring systems expected in 2021 and 2022."

For earnings history and earnings-related data on EXFO, Inc. (EXFO) click here.

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