EXFO announced it has won service assurance deals from five new mobile network operator customers, including a previously announced agreement with eir in Ireland.
These multi-million-dollar deals announced today will contribute approximately $5 million to EXFO’s bookings in the fourth quarter of fiscal 2020.
The latest deals reflect market acceptance of EXFO Nova’s service assurance solutions that offer the highest degree of visibility to accelerate revenue-generating services and reduce downtime.
Four orders feature the portfolio of EXFO Nova solutions, delivering core-to-radio access network (RAN) monitoring and optimization, including 5G capabilities, active and passive probes, subscriber experience metrics, and analytics.
The fifth deal is focused on Nova Context for network inventory management use cases. This network topology software, which essentially maps network resources to related services in real time, will be used by the multi-country customer to obtain a holistic view of its next-generation network.
“Given heightened demand for remote, centralized monitoring solutions, Nova Adaptive Service Assurance’s capabilities allow mobile operators to automate critical functions, thus significantly reducing time to detect and resolve network issues without the presence of staff on-site at network operations and service operations centers,” Philippe Morin, chief executive officer of EXFO, said.
EXFO also announced a restructuring initiative to strengthen its market focus on high-growth drivers like fiber, 5G and cloud-native deployments, while mitigating the effects of the coronavirus pandemic on its business operations.
Restructuring charges of approximately $3 million will be incurred during the fourth quarter of fiscal 2020 and are expected to generate $5 million in annual cost savings.