Revenues were up 9% to 89m ($143.5m) with net earnings of 1.74m, compared to a loss of the same amount last year.

For the first three quarters of the year revenue was up 7% to 265.4m. Net income was 1.9m, compared to losses of 15.4m last year.

Revenues in Europe continue well above last years level, benefiting from both improved sales execution and the increased strength of the euro, said chief executive Amos Michelson.

He promised significant product announcements over the next year, starting at Igas and Graph Expo at the end of September and continuing at Drupa next May.

He also said the firm would continue to broaden its offering and form more partnerships. Last week it announced a tie-up with German proofing specialist GMG.