EFI achieved annual sales up 12 per cent in 2016 compared to 2015, with the figures reporting at US$992.1m compared to 2015 ending at $882.5m.

Guy Gecht CEO of EFI says, "EFI delivered another record revenue quarter and our team's execution drove significant improvements in margins, cash flow, and earnings per share, despite the negative impact of foreign currency.

“As we start the New Year we are even more excited about the road ahead, especially with our upcoming introduction of the Nozomi platform targeted at digital printing for packaging."

Cash flow for the year from operating activities was $121.1m, up 77 per cent compared to $68.3m during the same period in 2015.

[Related: EFI revenue hits new heights]

EFI ended its fourth quarter on a positive note with a record revenue of $266.7m, up four per cent compared to the year before. In 2015, the company ended the fourth quarter on $256.4m.

EFI GAAP net income was $20.5m up 99 per cent compared to $10.3 million at the same time last year or $0.43 per diluted share, up 105 per cent compared to $0.21 per diluted share for the same period in 2015.

Non-GAAP net income was $36.3m up 23 per cent or $0.77 per diluted share compared to $0.61 diluted share during the same period in 2015. The cashflow from operating activities was $65.2m, up 141 per cent compare to $27.1m at the same time last year. 

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