By Gina Ferrara, Senior Analyst

Canon Solutions America recently held its One Canon event on February 12-14^that The Diplomat Beach Resort in Hollywood, FL.  As a resident of New England, it is always a treat to escape the cold winter months and attend an event in the South.  This event was Canon’s second year celebrating the One Canon concept, which represents an inclusive approach toward delivering on the promise of more integrated solution offerings that are based on innovation, possibility and smart solutions.

Members of the press and industry analysts were invited to attend the event and get an update on the “customer first” principle of the One Canon initiative.  This event allows attendees to hear presentations from Canon executives but, more importantly, have the opportunity to schedule 1:1 sessions to speak directly with the Canon team.  In addition to hearing from the executives, Canon invites a few of its customers to share their success stories as well.

One of the highlights of the event, and an area of particular interest to us at Madison Advisors, was the update on the Production Print Solutions Division (PPS) which was shared by Francis McMahon, Executive Vice President for PPS.  The Production Print business had an exceptional year in 2017 with revenue and profit growth at 6% and 4%, respectively.  Canon experienced 22% growth in ColorStreams and 52% growth in VarioPrint i300s.  The transition to color is really starting to grow as evidenced by the fact that 53% of print pages by Canon customers were printed in color.  Canon holds a strong position with 38% of the market as of Q3, 2017, and customers who have purchased Canon equipment are starting to add a 2nd, 3rd and even a 4th machine to support volume.

Other Canon executives shared their respective business line results for 2017 and growth plans for 2018. Canon continues to make progress by enhancing its solutions through innovation and keeping up with emerging technology.  Madison Advisors looks forward to the new and inventive ways Canon will drive change in the industry with its best-in-class printing technology.