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Revenue up 14 percent, marking ninth consecutive quarter of double-digit revenue growth
April 19, 2012
By: DAVID SAVASTANO
Contributing Editor, Coatings World and Ink World
Electronics For Imaging, Inc. (EFI) announced its results for the first quarter of 2012. For the quarter ended March 31, 2012, the company reported revenue of $160.1 million, up 14% compared to first quarter 2011 revenue of $140.1 million. “Our team delivered another great quarter, marking EFI’s ninth consecutive quarter of double-digit revenue growth, along with record inkjet, software, and recurring revenues,” said Guy Gecht, CEO of EFI. “We are very pleased with the solid execution in our seasonally low quarter and ahead of the industry’s largest tradeshow. At drupa we are set to unveil some amazing new technology that enables our customers to transform their businesses to target the growth areas of print and optimize their operations.” For the second quarter of 2012, the company is expecting approximately 15% year-over-year revenue growth.
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