Home / Knowledge / News / Textiles / Q2 revenues soar 21% at digital printer maker EFI
Q2 revenues soar 21% at digital printer maker EFI
26
Jul '16
For the three months ended June 30, 2016, revenue at Electronics For Imaging (EFI) soared 21 per cent to $245.7 million from $202.7 million in the same quarter of prior year.

However, GAAP net income in the second quarter of 2016 slipped to $5.2 million or $0.11 per diluted share, compared to $7.7 million or $0.16 per diluted share for the same period in 2015.

Non-GAAP net income too dipped to $26.7 million or $0.56 per diluted share as against non-GAAP net income of $22.9 million or $0.48 per diluted share in the second quarter of earlier year.

For the six months ended June 30, 2016, the manufacturer and marketer of digital printers reported revenue of $479.8 million, also up 21 per cent year over year.

In the first half of 2016, GAAP net income stood at $7.3 million or $0.15 per diluted share, compared to $13.0 million or $0.27 per diluted share in the first half of 2015.

Non-GAAP net income totaled $52.9 million or $1.11 per diluted share in the reporting period as against $44.4 million or $0.92 per diluted share for the same period in 2015

“The EFI team delivered a solid quarter despite the disruption caused by global events during the last week of the quarter,” said Guy Gecht, CEO of EFI.

“At the same time, EFI's market position at the Drupa trade show validated both our strategy and product roadmap, and we're encouraged by the exceptional reception to our new Nozomi platform,” he added. (AR)

Fibre2fashion News Desk - India


Must ReadView All

Apparel/Garments | On 18th Aug 2017

AEPC wants clarity on minimum wages for garment sector

The Apparel Export Promotion Council (AEPC) has urged the Indian...

Apparel/Garments | On 18th Aug 2017

Papua New Guinea govt to help set up garment industry

The government of Papua New Guinea (PNG) plans to focus and fund...

Courtesy: FineLine Technologies

Apparel/Garments | On 18th Aug 2017

FineLine Technologies acquires RER International

FineLine Technologies Inc., industry’s fastest supplier of retail...

Interviews View All

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Headhonchos
Indian fashion industry

Organic the first choice of any environment-conscious person

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

August 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.0%
No
17.2%
Skip
13.8%

Total Votes: 29

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
41.4%
No
37.9%
Skip
20.7%

Total Votes: 29

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
82.8%
No
6.9%
Skip
10.3%

Total Votes: 29

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
58.6%
No
10.3%
Skip
31.0%

Total Votes: 29


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X