EFI launches APPS recruitment drive on back of record growth

Simon Nias
Friday, January 27, 2012

EFI has hailed its APPS and inkjet divisions for their "record" performance in its 2011 results and launched a US-wide recruitment drive for print consultants to join its professional services team.

Turnover for the 12 months to 31 December 2011 rose more than 17% to $592m (£375m) at the Foster City, California-based firm, on the back of a 41% surge in revenues from its APPS division to $81.2m (2010: $57.7m).

EFI recorded divisional sales increases across the board, with Fiery revenues rising 13.2% to $270m (2010: $238.6m) and inkjet turnover also rising 15.7% to $81.2m (2010: $57.7m).

The strong sales performance was mirrored in the group's profits, with pre-tax income coming in at $30.4m, up from a pre-tax loss of $1.6m in the previous year, prompting EFI chief executive Guy Gecht to hail the company's successful year.

"Our eighth consecutive quarter of double-digit revenue growth, which reflects records for both our Inkjet and APPS segments, completes a very successful year for EFI on many levels," he said. "Our team delivered 17% revenue growth in 2011, an approximate 90% increase in non-GAAP net income growth, strong cashflow from operations, and a record level of recurring revenue.

"We are excited about the opportunities ahead and plan to accelerate our innovation while continuing to execute on our strategy enabling customers to profit from the transition of analog print to digital technology while driving efficiencies in their businesses."

Following the results announcement, EFI said it was looking for candidates in any major US city, who possess a combination of print industry experience, technical aptitude, strong verbal and written communication skills and "a strong desire to make things work", to join its print MIS professional services team.

The recruitment drive follows the appointment of former HP Exstream product manager Ron Johnson as manager of professional services for its Digital StoreFront web-to-print platform.

Bob Rothschild, vice president of APPS professional services at EFI, said: "Ron is a terrific addition to our web-to-print organization, bringing a wealth of industry experience as well as professional service expertise."


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