3-d Programs on Wednesday printed its fourth quarter and whole fiscal yr 2017 monetary effects, beating marketplace expectancies.
The corporate reported fourth quarter non-GAAP profits of five cents in line with proportion on income of $177.three million. A yr prior, it reported non-GAAP profits of 15 cents in line with proportion on income of $165.nine million.
Wall Side road used to be in search of non-GAAP profits of zero cents in line with proportion on income of $163.47 million.
In a remark, CEO Vyomesh Joshi (VJ) stated income expansion used to be pushed by way of well being care, fabrics, device and on-demand production, in addition to extra balanced regional execution.
“Whilst we nonetheless have paintings to do, we made vital development closing yr, and we imagine our investments in go-to-market mixed with progressed processes and higher execution have began to turn returns and place the corporate smartly going ahead,” Joshi stated.
For the total fiscal yr 2017, 3-d Programs reported a non-GAAP lack of 2 cents in line with proportion on income of $646.1 million.
“We made vital development in 2017 to stabilize and switch across the corporate, and we installed position the root for scalable expansion,” Joshi stated. “It is a multi-year transformation procedure, however we’re happy with the development we’ve got made so far to place the corporate for long-term expansion and profitability.”