EFI reports strong first quarter

EFI has been boosted by improved first quarter 2006 results with increases in revenue and income.

The workflow, business management software and wide-format printer firm's revenue for the quarter ended 31 March was up 64% on the same period last year, to 75.3m ($134.3m). GAAP net income was at 7m compared to a 2005 Q1 loss of 393,000.

"We are pleased to report results at the higher end of our range driven by solid performance in all three areas of our business," said EFI chief executive Guy Gecht. "At the same time we also showed continued progress in growing our recurring revenues, due largely to a record ink revenue quarter."