EFI reports record revenues in 2014

American multinational EFI, world leader in technologies, products and services for digital printing in a range of industrial sectors, reported $211.1 million revenues for the fourth quarter of 2014 (up 7% compared to the fourth quarter of 2013). This brought revenues for the entire 2014 business year to a record $790.4 million, up 9% on the previous year.

Non-GAAP net income rose from $76.6 million to $87.1 million. "Solid fourth quarter results wrapped up another terrific year for the EFI team, delivering a 14% increase in EPS, despite the significant negative impact of foreign exchange in the second half of the year," said Guy Gecht, CEO of EFI. "Our ongoing focus on innovation across our entire product line-up is helping our customers around the globe win new business and boost profitability."

Given the latest results, Gecht is confident of delivering on the $1 billion revenue target for 2016.