COVID-19: As a designated essential telecom solutions provider, EXFO remains fully operational with our employees' health and safety as our top priority.

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Testing, monitoring and analytics with a unique lens

FY 2019 highlights


Revenue increased 6.4%


IFRS net loss reduced by 79.8%


Adjusted EBITDA* improved 48.8%


Cash flows from operations grew 20.0%

* Adjusted EBITDA is a non-IFRS measure and represent net loss before interest and other expense, income taxes, depreciation and amortization, stock-based compensation costs, restructuring charges, acquisition-related deferred revenue fair value adjustment, and foreign exchange loss.

Letter to shareholders

Germain Lamonde, founder and Chairman of the Board, and Philippe Morin, CEO, offer their perspectives on FY 2019 and share their vision for 2020

Test and measurement (T&M)

Bookings increased 8.4% year-over-year, nearly twice the industry growth rate

Service assurance, systems and services (SASS)

Secured four monitoring contract wins related to 5G

Promises kept

Delivered adjusted EBITDA of $25.6 million, surpassing annual profitability target

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