May 2, 2017 / 12:51 PM / 7 months ago

BRIEF-EXFO streamlines monitoring solutions portfolio

May 2 (Reuters) - EXFO Inc:

* EXFO streamlines monitoring solutions portfolio

* EXFO Inc - staff reductions related to this product line and varied go-to-market adjustments will affect approximately 5pct of EXFO‘S global workforce

* EXFO Inc - EXFO will significantly reduce investments in passive wireless monitoring which represented less than 5pct of total sales

* EXFO Inc - company will also incur one-time restructuring costs of US$4.0 million in Q3 of 2017

* EXFO Inc - following restructuring, which should be completed in Q4 of fiscal 2017, EXFO intends to benefit from annual cost savings of US$8.0 million

* EXFO Inc says co has streamlined its monitoring solutions portfolio to focus on testing, active service assurance, fiber monitoring and analytics Source text for Eikon: Further company coverage:

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