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Electronics For Imaging's CEO Discusses Q1 2012 Results - Earnings Call Transcript

Before reviewing each segment business segment in more detail, I wanted to quickly highlight the completion of a very successful Connect User Conference. Our 13 th Annual Conference held in Las Vegas drew about 1200 attendees and featured more than a 160 educational sessions, user groups and demos of the latest EFI products. During the conference, we briefed you new products that could be formally introduced at drupa next month including One; the cloud-based Fiery Dashboard which enables shop owners to analyze their digital print operations and make better business decisions; Two, the new VUTEk HS100 a digital press targeted towards superwide screenprinting that is twice as fast as our current GS printer and better quality than anything currently available in the market and Three; Orion, our new inkjet printer operating system which will be available as an upgrade to all of our current GS customers.

Of course we have not yet announced all of the new innovations. So stay tuned for more exciting announcement in the next couple of weeks. Now turning to our business segments. Starting with Industrial Inkjet which delivered a very strong quarter at $75 million posting outstanding growth at 47% and again exceeding our expectations with solid double-digit organic growth in all of our inkjet product lines. Perhaps the most encouraging data point is the 41% growth in UV ink volume. Our customers are clearly capitalizing on the growing opportunity for digital printing, for [platform] advertising and packaging applications.

I can tell you first hand that I have met many customers around the globe in the past few months who tell me they are enjoying a very strong business environment. If I had to pick just one example, it will be [Marcos Sapia] the owner of a great company called [Outfix] in São Paulo Brazil. Marcos told me when I visited him in early March that he simply can't wait for drupa to get his second VUTEk GS. His first VUTEk GS unit is working literally 24/7 and he's turning business away because of capacity constraints.

Read the rest of this transcript for free on seekingalpha.com

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