Globalprint solutions developer EFI has logged a sizable revenue spike of 20 per cent for its first quarter revenue to $234m, led by growth in its industrial inkjet division.

The $234m earnings were up 20 per cent from $194m in last year’s corresponding period, and non-GAAP operating income hit $33.5m compared to $28.3m in first quarter 2015.

EFI chief executive Guy Gecht says the company’s inkjet arm drove much of the revenue growth, and anticipates a big drupa presence.

“Our team’s execution drove another quarter of solid performance across the EFI portfolio, led by good growth in our Industrial Inkjet segment,” says Gecht.

“At the upcoming drupa trade show we expect to introduce entirely new platforms in every segment of our business, including an expansion into the vast packaging space.  We expect products based on these powerful and versatile new platforms to fuel our growth in the coming years.”

A breakdown of revenue by operating segment for the three months leading to March 31 saw industrial inkjet generating $125m, Fiery at $75.7m and software at $32m.

Revenue by geographic area saw the Asia Pacific region pushing the least amount of earnings at $30m compared to the EMEA region’s $83m and $120m in America.

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