EXFO Dives on Q4 Earnings Results
Shares of EXFO (NASDAQ: EXFO) are trading lower in the after-hours following the release of the company's Q4 earnings results. Currently, shares are lower by 4.16%, trading at $5.76; they ended the regular session higher by 1.18%, at $6.01.
EXFO reported GAAP Q4 EPS of $0.31 on revenues of $269.7 million. Revenues increased 33% year over year. Sales exclude revenue from the divested Life Sciences and Industrial Division.
"After posting exceptional 32% sales growth in fiscal 2010, I am quite pleased that we surpassed it with a 33% increase and solid earnings results in 2011, as we delivered robust growth across all geographic regions and product areas," said Germain Lamonde, EXFO's Chairman, President and CEO.
"In the process, we expanded our percentage of business from two strategic sectors -- the wireless industry at large and Tier-1 network operators -- allowing us to increase revenues much faster than our end-markets. As a result, EXFO gained market share for a 26th consecutive year based on relentless innovation, customer delight and focus on execution. I remain confident that EXFO is uniquely positioned to benefit from key growth opportunities in the telecom industry, despite uncertainty in the global economy."
EXFO Inc. is a provider of next-generation test and service assurance solutions for wireless and wireline network operators and equipment manufacturers.
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.