06.08.07
EFI announced its preliminary results for the first quarter of 2007. For the quarter ended March 31, 2007, revenue was $147 million, up approximately 10 percent when compared to first quarter 2006 revenue of $134.3 million.
“We are pleased that we exceeded our Q1 revenue and earnings expectations, due largely to the benefits of our diversified product portfolio,” said Guy Gecht, CEO of EFI. “The strong demand for our Fiery products drove our results this quarter. This allowed us to accelerate investments in our growing inkjet business, while still reporting increased profitability. We look for this trend to continue for the balance of the year, allowing us to increase our full year outlook.”
For the second quarter of 2007, the company expects revenues in the range of $154 million to $157 million.
For the full year 2007, the company is increasing its previously announced revenue outlook of approximately 10 percent year over year growth to a range of 10 to 12 percent year over year growth. For the full year 2007, the company expects earnings growth in the range of 17 to 20 percent, raising the lower end of its previously announced 15 to 20 percent range.
“We are pleased that we exceeded our Q1 revenue and earnings expectations, due largely to the benefits of our diversified product portfolio,” said Guy Gecht, CEO of EFI. “The strong demand for our Fiery products drove our results this quarter. This allowed us to accelerate investments in our growing inkjet business, while still reporting increased profitability. We look for this trend to continue for the balance of the year, allowing us to increase our full year outlook.”
For the second quarter of 2007, the company expects revenues in the range of $154 million to $157 million.
For the full year 2007, the company is increasing its previously announced revenue outlook of approximately 10 percent year over year growth to a range of 10 to 12 percent year over year growth. For the full year 2007, the company expects earnings growth in the range of 17 to 20 percent, raising the lower end of its previously announced 15 to 20 percent range.