QUEBEC CITY, March 25, 2014 /PRNewswire/ - EXFO Inc. (NASDAQ: EXFO; TSX: EXF) reported today financial results for the second quarter ended February 28, 2014. sales reached US$51.2 million in the second quarter of fiscal 2014 compared to US$62.6 million in the second quarter of 2013 and US$56.0 million in the first quarter of 2014. Bookings attained US$58.7 million in the second quarter of fiscal 2014 compared to US$53.4 million in the same period last year and US$57.9 million in the first quarter of 2014. The company's book-to-bill ratio was 1.15 in the second quarter of 2014. Gross margin* amounted to 60.8% of sales in the second quarter of fiscal 2014 compared to 62.2% in both the second quarter of 2013 and the first quarter of 2014.
Looking ahead to the third-quarter, the company has forecast earnings in the order of $0.00 to $0.04 per share, with sales ranging between $60.0 million and $65.0 million. Analysts currently expect the company to earn $0.05 per share on third-quarter revenues of $59.89 million.