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.