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Growing with change.

Essential for fiber and 5G network deployments.

FY 2020 results*


Revenue decreased 7.4% YoY


Bookings dropped 11.1% YoY


IFRS net loss


Adjusted EBITDA**

* Financial results in FY 2020 negatively impacted by coronavirus pandemic. ** Adjusted EBITDA is a non-IFRS measure and represents net loss before interest and other expenses, income taxes, depreciation and amortization, stock-based compensation costs, restructuring charges and foreign exchange loss.

Letter to shareholders

Germain Lamonde, founder and Chairman of the Board, and Philippe Morin, CEO, offer their perspectives on FY 2020 and share their vision for 2021.

Coronavirus Response

Employee and customer safety remain our top priority with 85% of EXFO’s staff working from home.

Test and Measurement (T&M)

Revenue dropped 3.6%, despite robust growth from lab and manufacturing solutions.

Service Assurance, Systems and Services (SASS)

Revenue fell 16.4%, although five multi-million-dollar contracts were booked in the fourth quarter.