EFI Reports Record Revenue of $229M, up 16 per cent.
Electronics For Imaging, Inc. (Nasdaq: EFII), has just announced its results for the third quarter of 2015.
For the period ending September 30, 2015, the Company reported record revenue of $228.7 million, up 16 per cent compared to the third quarter 2014 revenue of $197.7 million. Non-GAAP 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 per cent 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,” said Guy Gecht, CEO of EFI. “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.”
www.efi.com
