EFI sets billion dollar revenue target

Guy Gecht, EFI’s chief executive officer, said the target is a mark of its, ‘deep commitment to continue developing innovative products that make our customers more competitive.

‘Industrial imaging is at an inflection point as digital printing technology is disrupting the way manufacturing has been done for decades,’ he said.

‘We are early in this transition from analog to digital technology, with EFI's unique portfolio allowing us to capture more of an expanding market.

‘Our deep commitment to continue developing innovative products that make our customers more competitive only furthers our confidence in the financial targets we have provided today.’

The billion dollar target was outlined alongside a number of other financial statements as part of a company Investor Day.

This included a 200 million USD share repurchase program, which is expected to be completed in three years.