Non-GAAP net income was $24.1m for the quarter to 30 September compared to non-GAAP net income of $20.6m for the same period in 2014.
The sales rise follows EFI’s $140m investment in Italian textile ink and kit manufacturer Reggiani Macchine and Israeli wide-format manufacturer Matan, which completed on 1 July.
This was the first quarter to show the effects of those acquisitions in the accounts of the California, US-headquartered company.
For the nine months ended September 30, 2015, EFI reported revenue of $626m, up 8% year-over-year compared with $579.3m for the same period in 2014. Non-GAAP net income was $68.5m.
Chief executive Guy Gecht said: “EFI delivered another solid quarter, overcoming the negative impact from various foreign currencies and weak emerging markets.
“I’m proud of the way our teams planned and are quickly executing on the integration of Reggiani and Matan. We are particularly excited about the progress and cross-selling activities with our new Reggiani products reinforcing the tremendous opportunity for digital printing on textile.”
Speaking to PrintWeek in July, Gecht predicted the business was on track to achieve a $1bn (£640m) sales target by 2016, saying that digital textile was “a huge opportunity” but that the roll-to-roll textile market was still in the very early stages of its analogue to digital conversion, with only 4% so far printed digitally. The market as a whole is expected to be worth $1.5bn.
He also cited Reggiani’s market-leading position in the industrial textile inkjet printer market and its established inks business as key drivers for the $140m deal.
