EFI reports record revenue for Q4 and 2017

EFI (Electronics For Imaging), an industry leader in customer-focused digital printing innovation, has announced its revenue results for the fourth quarter and year ended December 31, 2017. For the quarter ended December 31, 2017, the company reported record fourth-quarter revenue of $269.2 million, up 1% compared to fourth quarter 2016 revenue of $266.7 million. For the year ended December 31, 2017, EFI reported revenue of $993.3 million, up 0.1% year-over-year compared to $992.1 million for the same period in 2016.

Guy Gecht.
Guy Gecht.

“The performance of our direct business drove record quarterly and full-year revenue for EFI. We look for this growth from inkjet and software to accelerate in the first quarter of 2018,” said Guy Gecht, CEO of EFI. “Having just finished a very exciting Connect Users’ Conference, the EFI team is energized as we enter 2018, with a year full of new product introductions across the company, and Nozomi on track for a strong first year in the corrugated market. We’re well positioned to help customers transform their businesses,” Gecht added.

EFI is a global technology company based in Silicon Valley, California and is a leader in the worldwide transformation from analogue to digital imaging. It develops “breakthrough” technologies for the manufacturing of signage, packaging, textiles, ceramic tiles and personalized documents, with a wide range of printers, inks and Digital Front Ends (DFEs), as well as a comprehensive business and production workflow suite “that transforms and streamlines the entire production process.”

 

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Tony Curcio is the editor of Graphic Arts Magazine.