Foreign currency translation had the effect of increasing revenue by approximately $7.3 million and $19.2 million for the fiscal 2007 fourth quarter and full year, respectively, over the fiscal 2006 comparable periods.
Gerber Scientific President and Chief Executive Officer, Marc T. Giles, commented, "Gerber reported solid results for fiscal 2007 with full year consolidated revenue up 8.4 percent as compared with fiscal 2006."
Though our top line clearly benefited from favorable foreign currency translation, each operating segment reported strong organic growth. This growth was attributable to our success with new products and improved aftermarket demand, as well as increased volume within our Asian markets.
Operating income increased to $23.6 million for fiscal 2007, improving by more than 30 percent from prior year. Both revenue and operating income were at the highest levels since fiscal 2000.
"Assuming no significant changes in the economic climate, we expect to report continued improvement in fiscal 2008, supported by new products, our Asian market base and initiatives, global expansion efforts and the impact of recent acquisitions."
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
