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Epson reports 23% growth in 2018

By: - Reporter / @FMOrellanaINQ
/ 03:41 AM May 21, 2019
Epson reports 23% growth in 2018

Eduardo Bonoan, Epson Philippines Corporation general manager for sales and marketing division, announces that Epson’s sales growth increased by 23 percent. PHOTO/Faye Orellana, INQUIRER.net

BORACAY, Philippines – Epson Philippines Corporation posted higher growth in 2018 following demands for its products.

Epson Philippines marketing manager Eduardo Bonoan announced on Monday night in Boracay that the company’s growth continues to rise for the fifth consecutive time.

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According to Epson’s data, its sales performance for the year 2018 posted a 23 percent growth.

Bonoan said that sales in printers and scanners largely contributed to the company’s growth in the previous year.

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“Most of our sales actually came from printers and scanners which are 70 percent of our revenue but actually we also have quite a number of good growth under other segments,” Bonoan said during the Fusion 10 event.

The Epson revenue also included sales from other segments such as business systems (14 percent), visuals instruments (11 percent), and commercial and industrial (5 percent).

Citing information from the International Data Corporation (IDC), Bonoan also announced that Epson Philippines Corporation dominated the inkjet market share with 54 percent shares.

Inkjet market refers to the sales of printers and scanners across the country.

This, based on the data provided by the IDC, is the seventh year that Epson dominated the said business industry.

Bonoan noted that the sales in business systems, visuals instruments, and commercial and industrial segments indicated a move towards the new foundation of Epson.

Textiles, Projectors, Mobile POS, are among the other products that Epson offers, Bonoan said.

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“Much of these products are not exactly associated with Epson. So we are actually going out of our comfort zone to be able to build the next foundation for Epson,” he added.

Epson first entered the Philippine market in 1998. On its 20th anniversary last September 2018, Epson launched the EB-L12000Q.

EB-L12000Q is the industry’s first 12,000 lumens native 4K 3LCD laser projector. (Editor: Abe Cerojano)

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TAGS: #Fusion10, Boracay, Eduardo Bonoan, Epson Philippines Corporation, Fusion 10, International Data Corporation
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