A week after hosting a sell-out Connect Conference in Las Vegas, digital and software specialist EFI reported record revenue of US$256.5m ($398m), up 22 per cent compared to fourth quarter 2014.
Guy Gecht, chief executive at EFI, says, “Our team capped another strong year for EFI by delivering an outstanding quarter despite the continued macro headwinds we have had to overcome all year.
For the year ended December 31, 2015, the company reported revenue of US$882.5m, up 12 per cent year-over-year compared to the same period in 2014. Non-GAAP net income was US$97.9m or US$2.03 per diluted share, compared to non-GAAP net income of US$87.1m or US$1.80 per diluted share for the same period in 2014. GAAP net income was US$33.5m, compared to US$33.7m for the same period in 2014.
Gecht adds, “As we begin 2016, we remain deeply committed to developing innovative technology to make our customers more competitive and productive.”
The Silicon Valley based company has gone fromt strength to strength as witnessed by its conference last week, which saw an increase in attendance of 10 per cent over 2015.
The company welcomed 1200 print and software specialists, an increase of 10 per cent, to its annual event held at the Wynn Resort in Las Vegas over three days. Conference highlights included growth in suite-certified workflows, a new, online customer applications gallery and expanded digital printing opportunities
During his opening keynote for the conference, Gecht said, “You can bet changes in the market forces will accelerate.” Successful printing businesses, he added, need to move with the window of opportunity. “You must be willing to take a risk. Doing nothing is a guarantee that you will be unsuccessful.”
The conference featured a keynote address from resort industry and Las Vegas business legend Steve Wynn, who spoke about creating a culture where employees gain a sense of pride and enhanced self-esteem through their work. He said, “Underneath every major business franchise is the question of ‘Is it better? Is their price really justified?’ What we’ve learned here is that only people make people happy.”