EXFO reports first quarter results for fiscal 2020
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EXFO, Inc. (EXFO) Misses Q1 EPS by 4c, Revenues Beat; Offers Q2 EPS/Revenue Guidance Below Consensus
January 7, 2020 4:09 PM ESTEXFO, Inc. (NASDAQ: EXFO) reported Q1 EPS of $0.00, $0.04 worse than the analyst estimate of $0.04. Revenue for the quarter came in at $73.6 million versus the consensus estimate of $72.96 million.
First-Quarter Highlights
Sales. Sales increased 6.3% in the first quarter of fiscal 2020 mainly due to a more linear influx of Test and Measurement (T&M) orders compared to the same period in 2019, and stronger demand for the company's solutions in the Asia-Pacific region. T&M sales accounted for 76% of revenue in the first quarter of 2020, while Service Assurance, Systems and Services (SASS) sales totaled 24%. Revenue... More