Digital print and software specialist EFI has grown second quarter revenue for its Asia Pacific arm to $21.4m from $17.4m compared to last year’s second quarter.

Guy Gecht, chief executive at EFI

Guy Gecht, chief executive of EFI, says it was due to the strong team that the company is reaping such record breaking results. Gecht says, “Solid executions by our team led to a record June quarter for EFI, driven by strength across all of our business segments.” The overall results for the company’s industrial inkjets saw a steady growth of just under two per cent from $68.39m to $69.66m. Production software for the entire company also gained some ground with $24.54m from last year’s $22.4m for the second quarter. However, Fiery digital front end platforms saw most gains compared to the similar period last year with $53.4m from $49.7m. The overall revenue for EFI for the second quarter increased by more than $7m from last year’s $140.54m, to $147.65m. The overall gross profit was also positive for the global company, recording $78.95m from last year’s $75.58m. Gecht says the results are comforting as EFI begins to integrate its latest acquisitions of the Israeli company Matan and Italian inkjet print manufacturer Reggiani to its operations. “We couldn’t ask for a better setup as we begin integrating Reggiani and Matan, which we acquired early in the third quarter,” he says. “These two acquisitions strengthen EFI’s product offerings and capabilities, and most importantly, strategically expand out TAM as we enter the vast digital textile market.”

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