‘Record Revevue’ for EFI’s Fourth-Quarter, but Net Income Down

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Electronics for Imaging (EFI) is reporting “record revenue” for its fourth-quarter 2015, exceeding its outlook. Revenue for the fourth quarter, which ended on December 31, 2015, increased 22 percent to $257 million, while revenue for EFI’s entire 2015 fiscal year increased 12 percent to a record $883 million.

Fourth-quarter 2015 revenue was $256.5 million, up 22 percent compared to fourth-quarter 2014 revenue of $211.1 million. Non-GAAP (Generally Accepted Accounting Principles) net income was $29.4 million, or $0.61 per diluted share, compared to non-GAAP net income of $25.1 million, or $0.52 per diluted share, for the same period in 2014

Fourth-quarter GAAP net income was $10.3 million, or $0.21 per diluted share, compared to $11.9 million, or $0.25 per diluted share, for the same period in 2014.

For the entire fiscal 2015 year, EFI reported revenue of $882.5 million, up 12 percent year-over-year compared to $790.4 million to fiscal-year 2014. GAAP net income was $33.5 million, or $0.70 per diluted share, compared to $33.7 million or $0.70 per diluted share for fiscal-year 2014.

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