7% Recessionary Rise for Morgana08-02-2010
Morgana Systems Ltd reports that its American subsidiary Morgana USA has posted figures showing a 7% increase in sales in 2009 over the previous year. This confounds industry trends and marks five years of continuous growth since Morgana USA was established in 2005.
“This is a hugely pleasing result considering overall market conditions,” said Morgana m.d. Quen Baum. He attributed the success to the decision to focus on digital finishing and the fact that Morgana had brought new and improved products to the market. “The digital sector has suffered less than others,” commented Baum, “and products like our new JDF-ready DigiFold 5000P and the latest DocuMaster, which handles variable data, have enabled printers to add value to their product.”
Morgana USA is based in Marietta, Georgia and has established a network of dealerships throughout the USA and Canada.
Morgana’s overall results will be announced at the end of June and Quen Baum says he is confident that sales will continue to show an upward trend.