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EXFO has launched the industry-first Nova Active OTT video monitoring solution, enabling service providers to detect and diagnose video streaming issues in real-time. This innovation is crucial as video traffic is expected to exceed 90% in 5G networks by 2024, addressing a key cause of customer churn. The solution allows operators to pinpoint video quality problems, thereby reducing revenue losses and enhancing service differentiation. With benefits like end-to-end visibility and near real-time monitoring, EXFO aims to empower service providers in managing the growing demand for OTT services.
EXFO Inc. (NASDAQ: EXFO) has launched the new FIP-500 fiber inspection scope, aimed at enhancing multi-fiber connector testing within telecom networks, especially as operators transition to 5G. Research indicates that contaminated connectors are the leading cause of network failures, affecting 80% of operators. The FIP-500 offers rapid inspection, taking less than 10 seconds for an MPO-12 connector, and requires no button operation, improving efficiency. This solution supports both single and multi-fiber testing, lowering overall costs while ensuring accurate results, addressing critical issues in high-speed networking.
EXFO Inc. (NASDAQ: EXFO) announced that CEO Philippe Morin will present at the TD Securities Technology Virtual Conference on November 16, 2020, at 3:00 p.m. Eastern time. This presentation will include a virtual fireside chat with analyst Dan Chan. A live video webcast will be accessible at www.EXFO.com under the Investors section and archived for a limited time.
EXFO specializes in test, monitoring, and analytics solutions for the communications industry, assisting customers with superior network performance and digital transformations.
EXFO reported Q4 2020 sales of US$70.6 million, slightly up from US$70.2 million in Q4 2019. For fiscal year 2020, sales decreased 7.4% to US$265.6 million, primarily due to the COVID-19 pandemic's economic impact. The company faced an IFRS net loss of US$9.5 million for the year compared to US$2.5 million in 2019. However, EXFO generated US$14.1 million in cash from operations in Q4 2020. The company's book-to-bill ratio was 0.89 for Q4. Looking ahead, EXFO expects growth from fiber, 5G, and cloud-native deployments, adapting to a changing market landscape.
EXFO Inc. (NASDAQ: EXFO) announced its plan to release fourth-quarter and year-end financial results for fiscal 2020 on October 7, 2020, after market close. A conference call to discuss the results will take place at 5 p.m. (Eastern time), with a dial-in number of (929) 477-0577 and passcode 2685037. An audio replay will be available two hours post-call until October 14, 2020. EXFO specializes in innovative solutions for the global communications sector, focusing on network performance and service reliability.
EXFO Inc. announced the acquisition of InOpticals Inc., a Taiwanese leader in ultra-high-speed test instruments, enhancing its capabilities in the 400G/800G market. The deal is expected to close by the end of October 2020, expanding EXFO's addressable market by approximately US$150 million to over US$1 billion. The integration of InOpticals' innovative products will bolster EXFO's market presence and facilitate growth in R&D and manufacturing sectors. The acquisition aligns with EXFO's strategic focus on expanding its optical testing offerings.
EXFO Inc. (NASDAQ: EXFO) has announced securing multi-year, multi-million-dollar service assurance contracts with five new customers, contributing approximately US$5.0 million to its fourth-quarter bookings for fiscal 2020. These contracts reflect the strong market acceptance of EXFO Nova's solutions for monitoring and optimizing communications networks, including 5G capabilities.
Additionally, EXFO plans a restructuring initiative, incurring US$3.0 million in charges, aimed at focusing on high-growth areas like fiber and 5G, with anticipated annual savings of US$5.0 million.
EXFO will present at Canaccord Genuity's Virtual Growth Conference on August 12, 2020, at 4:30 p.m. Eastern time. CEO Philippe Morin will engage in a virtual fireside chat with technology analyst Robert Young. Interested parties can access a live video webcast at www.EXFO.com, and it will be archived for future viewing. EXFO specializes in testing, monitoring, and analytics solutions for the global communications industry, ensuring superior network performance and service reliability.
eir, Ireland's leading communications provider, has entered a multi-year partnership with EXFO to enhance its 3G, 4G, and the rollout of its largest 5G network. This collaboration involves using EXFO's service assurance solutions, including Nova Explorer, Nova Analytics, and Nova Care, to improve network performance and subscriber experiences. The initiative is part of eir's €1 billion investment to enhance telecommunications infrastructure.
