EFI Reports All-Time Record Revenue for the Second Quarter of 201319 Jul, 2013
FOSTER CITY, CA - July 18, 2013 — Electronics For Imaging, Inc., a world leader in customer-focused digital printing innovation, today announced its results for the second quarter of 2013.
For the quarter ended June 30, 2013, the Company reported record revenue of $180.3 million, up 10% compared to second quarter 2012 revenue of $163.9 million. Second quarter 2013 non-GAAP net income was $18.3 million or $0.38 per diluted share, compared to non-GAAP net income of $14.2 million or $0.30 per diluted share for the same period in 2012. GAAP net income was $9.4 million or $0.20 per diluted share, compared to $7.0 million or $0.15 per diluted share for the same period in 2012.
For the six months ended June 30, 2013, the Company reported revenue of $351.7 million, up 9% year-over-year compared to $324.0 million for the same period in 2012. Non-GAAP net income was $34.0 million or $0.71 per diluted share, compared to non-GAAP net income of $28.3 million or $0.60 per diluted share for the same period in 2012. GAAP net income was $17.8 million or $0.37 per diluted share, compared to GAAP net income of $13.2 million or $0.28 per diluted share for the same period in 2012.
“We could not have been more delighted with the record results the EFI team delivered in the second quarter as our product innovation continues to drive demand across our three segments,” said Guy Gecht, CEO of EFI. “We look to maintain this momentum into the third quarter as customers increasingly turn to EFI to make their businesses more competitive.”
EFI will discuss the Company’s financial results by conference call at 2:00 p.m. PDT today. Instructions for listening to the conference call over the Web are available on the investor relations portion of EFI’s website at http://www.efi.com
EFI™ is a worldwide provider of products, technology, and services leading the transformation of analog to digital imaging. Based in Silicon Valley with offices around the globe, the company’s powerful integrated product portfolio includes digital front-end servers; superwide, wide-format, label, and ceramic inkjet presses and inks; production workflow, web-to-print, and business automation software; and office, enterprise, and mobile cloud solutions. These products allow users to produce, communicate and share information in an easy and effective way, and enable businesses to increase their profits, productivity, and efficiency.