CEO Guy Gecht at the Connect 2017 user conference
The financial results for EFI for 2016 have been released, with a record fourth quarter result bringing the yearly revenue to $992.1 million. The goal set by the company was to reach $1 billion.
The company reported fourth quarter revenue of $266.7 million, up 4% compared to the same period in 2015, which saw a revenue of $256.5 million. For the year ended 31 December 2016, the revenue posted is $992.1 million, up 12% compared to the $882.5 million made in 2015.
‘EFI delivered another record revenue quarter and our team’s execution drove significant improvements in margins, cash flow, and earnings per share, despite the negative impact of foreign currency,’ said CEO Guy Gecht. ‘As we start the New Year we are even more excited about the road ahead, especially with our upcoming introduction of the Nozomi platform targeted at digital printing for packaging.’
