Revenue, Net Income Continue Upward Trend for EFI's Third Quarter

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Electronics For Imaging (EFI) is reporting record revenue of $228.7 million for its third quarter, up 16 percent compared to third-quarter 2014 revenue of $197.7 million. Non-GAAP (generally accepted accounting principles) net income was $24.1 million, or $0.50 per diluted share, compared to non-GAAP net income of $20.6 million, or $0.43 per diluted share, for the same period in 2014. GAAP net income was $10.3 million, or $0.21 per diluted share, compared to $4.8 million, or $0.10 per diluted share, for the same period in 2014.

For the nine months ended September 30, 2015, EFI reported revenue of $626.0 million, up 8 percent year-over-year compared to $579.3 million for the same period in 2014. Non-GAAP net income was $68.5 million, or $1.42 per diluted share, compared to non-GAAP net income of $61.9 million, or $1.28 per diluted share for the same period in 2014. GAAP net income was $23.2 million, or $0.48 per diluted share, compared to $21.8 million or $0.45 per diluted share for the same period in 2014.

“EFI delivered another solid quarter, overcoming the negative impact from various foreign currencies and weak emerging markets,” commented EFI CEO Guy Gecht. “I’m proud of the way our teams planned and are quickly executing on the integration of Reggiani and Matan. We are particularly excited about the progress and cross selling activities with our new Reggiani products reinforcing the tremendous opportunity for digital printing on textile.”

More Resources

July 2015: EFI Makes Two Key Acquisitions; Launches New Fiery Server

July 2015: EFI Reports Record Revenue of $203 Million, Net-Income Gains

April 2015: EFI Reports Record First Quarter Revenue of $195 Million

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

 

 

 

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