Electronics For Imaging, Inc. (EFI) has reported a record first quarter revenue of $194.6 million, up 3% compared to first quarter 2014 revenue of $188.7 million.
‘Our company’s balanced portfolio and execution allowed us to report record first quarter revenue and solid profitability despite the continued significant impact of foreign currency,’ said CEO Guy Gecht. ‘The EFI team’s ability to consistently develop new, innovative technologies for the EFI ecosystem continues to expand our addressable market while enabling our customers around the globe to be more profitable.’
Separately, the company announced that the board of directors has named Marc Olin chief financial officer.
‘I am excited to have Marc as our new CFO, especially after the terrific job he did managing EFI’s financial operations both times he served in an interim role,’ said Mr Gecht. ‘In the past few months it was very evident to the board and myself that Marc’s business acumen, drive and utmost respect inside and outside of EFI make him the perfect candidate for such a key role in driving M&A and organic growth to the billion dollar mark and beyond.’
Mr Olin joined EFI in 2003 when the company acquired PrintCafe, where he was CEO. Since joining, he has served as SVP and general manager of the productivity software business, and most recently as COO and interim CFO.
