EFI Reports 26 Percent Q1 Gain
California-based EFI has reported its Q1 earnings results which saw the company's revenues rise to US$140.1 million, compared to US$110.8 million in 2010. Overall, the company saw a net gain of US$6.2 million compared to a net loss of US$11.4 million in the same period last year.
"Our exceptional results in Q1, with 26% year-over-year revenue growth, are a strong indication of the opportunities ahead for EFI as we maintain our focus on the fastest growing segments of printing," said Guy Gecht, Chief Executive Officer of EFI.
In other company news, EFI has contributed $45,000 to the Red Cross for relief efforts due to the recent Japanese tsunami. The funds were raised from a 30-day employee donation drive, matched by EFI corporate. EFI has an office in Shinjuku-ku, Tokyo and also has several OEM partners headquartered in Japan.
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