EXFO Announces Record Q4 Revenues

Revenues increased 85 percent to US$23.1 million

October 5, 2000

1 Min Read

QUEBEC CITY -- EXFO Electro-Optical Engineering Inc. (NASDAQ: EXFO, TSE: EXF) today reported record revenues and operating results for the fourth quarter and year ended August 31, 2000. Revenues increased 85% to US$23.1 million in the fourth quarter from US$12.5 million for the same period in 1999, and 19% sequentially from US$19.4 million in the third quarter. Net earnings increased 76% to US$3.5 million, or $0.08 per share, for the fourth quarter from US$2.0 million, or $0.05 per share, for the same period in fiscal 1999, and 26% sequentially from US$2.8 million, or $0.07 per share, for the third quarter in 2000. Overall for fiscal 2000, revenues increased 70% to US$71.6 million from US$42.2 million in fiscal 1999. Net earnings, meanwhile, increased 71% to US$9.9 million, or $0.25 per share, for fiscal 2000 from US$5.8 million, or $0.14 per share, for fiscal 1999.

“We are extremely pleased with our strong growth in the fourth quarter,” said Germain Lamonde, Chairman, CEO, and President of EXFO. “A few years ago, we had set our sights on two growing market opportunities: DWDM and High-Bandwidth Solutions and the Industrial and Scientific Market. We are now beginning to see evidence that we have a winning strategy.”

http://www.exfo.com

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