EFI Reports First-Quarter Revenue Is up 10 Percent
Electronics For Imaging (EFI) has reported first-quarter revenue of $188.7 million, up 10 percent compared to first quarter 2013 revenue of $171.4 million. Net income was $10.1 million or $0.21 per diluted share, up 21 percent and 24 percent respectively compared to $8.4 million or $0.17 per diluted share for the same period in 2013. The firm also reported 25-percent growth in UV ink volume and continued strength in software bookings.
“The EFI team kicked off 2014 with another very strong quarter, delivering revenue and profitability above our expectations,” commented EFI CEO Guy Gecht. “With upcoming product innovations across the portfolio we expect to see solid demand throughout the year as our technology continues to help customers around the world drive growth and productivity in their businesses.”