EFI revenues show slight improvement

February 5, 2018

EFI has released its financial figures for its fourth quarter ending 31 December 2017, which show revenues up slightly by 1 percent to $269.2 million over the same quarter from the previous year. There was an overall net loss according to generally accepted accounting practices, or GAAP, of $25.4 million, which is particularly disappointing given that EFI made a net income of $19.9 million for the same period in 2016. Cash flow from operating activities was $8.9 million, down 86% compared to $65.2 million during the same period in 2016. Continue reading “EFI revenues show slight improvement”

Fujifilm takes over Xerox

February 1, 2018

It was widely reported earlier this month that Fujifilm and Xerox were talking about some kind of a deal and this has now come to fruition with the two companies agreeing that Xerox will be merged into the Fuji Xerox joint venture, with Fujifilm as the majority owner with 50.1 percent. Continue reading “Fujifilm takes over Xerox”

Heidleberg hits half year mark

November 14, 2017

Heidelberg has released its financial results for the first half of its financial year from April to September, recording a net result after taxes of €28 million, the first profitable half year in ten years, demonstrating the strategy of turning to digital technology to turn the company around is paying off. Continue reading “Heidleberg hits half year mark”