EFI Reports Record First Quarter Revenue of $195 Million
April 27, 2015 – Electronics for Imaging (EFI) has reported record revenue of $195 million for its first quarter, up three percent versus first-quarter 2014 revenue of $188.7 million. Operating income was $11.1 million compared to $10.8 million for the same period in 2014. Net income was $5.2 million or $0.11 per diluted share, compared to $10.1 million or $0.21 per diluted share for the same period in 2014.
“Our company’s balanced portfolio and execution allowed us to report record first-quarter revenue and solid profitability despite the continued significant impact of foreign currency,” commented EFI CEO Guy Gecht. “The EFI team’s ability to consistently develop new, innovative technologies for the EFI ecosystem continues to expand our addressable market while enabling our customers around the globe to be more profitable.”
New Chief Financial Officer
EFI also announced that the EFI Board of Directors has named Marc Olin Chief Financial Officer.
“I am excited to have Marc as our new CFO, especially after the terrific job he did managing EFI’s financial operations both times he served in an interim role,” said Gecht. “In the past few months it was very evident to the Board and myself that Marc’s business acumen, drive and utmost respect inside and outside of EFI make him the perfect candidate for such a key role in driving M&A and organic growth to the billion dollar mark and beyond.”
Marc joined EFI in 2003 when EFI PrintCafe, where he served as CEO. Since joining EFI, Marc has served as senior vice president and general manager of EFI’s Productivity Software business, and most recently as chief operating officer and interim chief financial officer.
- January 2015: EFI REPORTS RECORD REVENUE FOR FOURTH QUARTER AND FULL-YEAR 2014
- October 2014: EFI REPORTS RECORD REVENUE OF $198 MILLION FOR THIRD-QUARTER 2014
- April 2014: EFI REPORTS FIRST-QUARTER REVENUE IS UP 10 PERCENT
- January 2014: EFI REPORTS RECORD FOURTH-QUARTER AND FULL-YEAR 2013 FINANCIAL RESULTS