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Test and Measurement: EXFO increases T&M sales, narrows losses

April 9, 2021

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EXFO saw sales of its test and measurement solutions grow during the most recent quarter and the company narrowed its losses compared to the same time last year.

EXFO reported a net loss for the of $2.4 million, compared to about $9 million during the fiscal second quarter of 2020.

This year’s second quarter saw T&M sales up 36.8% year-over-year, while EXFO’s Service Assurance, Systems and Services (SASS) segment sales dropped 2.1%. EXFO did not that the year-over-year growth should be taken in the context that during the same time last year, the coronavirus pandemic forced a one-month shutdown of its Shenzen, China, factory in early 2020, which had a negative impact on revenues.

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