EFI revenue surges by 20 per cent

Global print solutions developer EFI’s first quarter 2016 results saw revenue soar by 20 per cent to $234.1m, with the company attributing it to the success of its industrial inkjet segment. The results are a record for the company, boosting revenue by 20 per cent compared to its first quarter 2015 revenue of $194.6m. EFI’s non-GAAP operating income saw a significant rise to $33.5m from $28.3m for the same period in 2015, as did its non -GAAP net income which increased to $26.3m compared to $21.4m in 2015.

EFI CEO Guy Gecht

EFI CEO Guy Gecht

Commenting on the results, EFI CEO Guy Gecht says the company’s industrial inkjet division led the growth which he anticipates to continue following its showing at drupa. “At the upcoming drupa tradeshow we expect to introduce entirely new platforms in every segment of our business, including an expansion into the vast packaging space,” he says. “We expect products based on these powerful and versatile new platforms to fuel our growth in the coming years.” A segment revenue breakdown for the three months leading to March 31 saw industrial inkjet bring in $125m, Fiery generating $75.7m and software at $32m. In terms of geographic area, the Asia Pacific region generated the least revenue with a modest $30m, while the EMEA region managed $83m and America saw a revenue of $120m.

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