KODAK’S fourth-quarter revenue earnings report shows the company experienced a 6% profit surge in 2009.
“Despite a difficult economic environment, we delivered in 2009,” Kodak CEO and chairman, Antonio Perez says.
The company’s fourth-quarter results demonstrate the success of the focused investments that Kodak is making in new products and growth businesses, including consumer and commercial inkjet and digital plates. It was also driven by non-recurring intellectual property licensing agreements.
The report shows digital business revenue totalled $1.991 billion, a 12% increase from the previous quarter in the same year.
Kodak says the increase was due to the increasing demand for consumer inkjet printer systems, kiosk media and digital plates.
“During 2009, we doubled the installed base for our consumer inkjet printers while maintaining our price premium,” Perez says.
“In the fourth quarter, we grew sales of commercial inkjet products, including a 33% increase in sales of our VL2000 printing system and enjoyed continued strong customer orders for our PROSPER product line.”
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