Additive manufacturing (AM) company 3D Systems reported revenue growth of 1% to US$159.5 million compared to US$158.1 million in the second quarter of the previous year.
For the first six months of 2017, revenue increased 2% to US$315.9 million compared to US$310.7 million in the first six months of 2016.
‘We are pleased with the growth in production printers, materials, software and healthcare,’ said Vyomesh Joshi, CEO. ‘However, we have work to do in the second half of this year to improve our execution across the company and position ourselves well for long term success and profitable growth in 2018 and beyond.’
‘We continue to make strategic investments in IT, go to market and innovation. For the remainder of the year, we will also increase our focus on costs, including operating expenses, in support of 2017 and long term,’ added John McMullen, executive vice president.
For the full year 2017, the management said that it expects revenue growth of 2% to 6% resulting in a revenue range of US$643 million to US$671 million.
This story is reprinted from material from 3D Systems, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.