Close

Search

Search Menu
Photonics Media Photonics Buyers' Guide Photonics Spectra BioPhotonics EuroPhotonics Vision Spectra Photonics Showcase Photonics ProdSpec Photonics Handbook
More News

EXFO Reports Strong Year-End Financial Results

Facebook Twitter LinkedIn Email Comments
QUEBEC, Oct. 10 -- EXFO Electro-Optical Engineering Inc. announced strong financial results for the fiscal year ending August 31, 2001.

Sales increased 104% to US$146.0 million in fiscal 2001 from US$71.6 million in 2000. Net earnings jumped 139% to US$24.5 million, or $0.46 per share, for fiscal 2001 from US$10.3 million, or $0.26 per share, for 2000.

In the fourth quarter of 2001, sales increased 53% to US$35.4 million from US$23.1 million for the same period in 2000. Net earnings decreased 11% to US$3.2 million, or $0.06 per share, for the fourth quarter of 2001 from US$3.6 million, or $0.08 per share, for the same period in 2000.

“We view the more challenging business environment as an opportunity to distance ourselves from our competitors and gain market share," said Germain Lamonde, chairman, president and CEO.
About 45% of EXFO’s sales in fiscal 2001 originated from products on the market for less than two years.


Photonics.com
Oct 2001
News & Features

Comments
back to top
Facebook Twitter Instagram LinkedIn YouTube RSS
©2019 Photonics Media, 100 West St., Pittsfield, MA, 01201 USA, info@photonics.com

Photonics Media, Laurin Publishing
x We deliver – right to your inbox. Subscribe FREE to our newsletters.
We use cookies to improve user experience and analyze our website traffic as stated in our Privacy Policy. By using this website, you agree to the use of cookies unless you have disabled them.