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EFI reports drop in revenue

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EFI

Image Courtesy: printbusiness.co.uk

Electronics For Imaging Inc., a world leader in customer-focused digital printing innovation, has announced its financial results for the first quarter of current fiscal ended March 31, 2017. The company generated revenue worth US $ 228.6 million compared to US $ 234.1 million in the corresponding period last year.

In the mentioned period, the company’s gross profit stood at US $ 123.6 million from last year’s US $ 118.3 million. Whereas, the net income generated in the reporting period amounted US $ 5.46 million as against US $ 2.10 million in the comparable period in last fiscal.

Also ReadEFI posts record revenue in fourth quarter

“We are pleased that our financial discipline allowed EFI to achieve the midpoint of our non-GAAP EPS outlook despite a slow start to the year. To address the challenges, we faced in Q1 we are taking steps to better execute on our pipeline, while further leveraging the solid growth in the textile printing business, the start of the Nozomi beta rollout and our new product introductions in the back half of the year,” said Guy Gecht, CEO, EFI.

 

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