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EFI Revenue Up 14%

Friday, April 20, 2012

Press release from the issuing company

Electronics For Imaging, Inc., a world leader in customer-focused digital printing innovation, today announced its results for the first quarter of 2012.

For the quarter ended March 31, 2012, the Company reported revenue of $160.1 million, up 14% compared to first quarter 2011 revenue of $140.1 million. First quarter 2012 non-GAAP net income was $14.2 million or $0.30 per diluted share, compared to non-GAAP net income of $13.5 million or $0.28 per diluted share for the same period in 2011. GAAP net income was $6.2 million or $0.13 per diluted share, compared to $6.2 million or $0.13 per diluted share for the same period in 2011.

"Our team delivered another great quarter, marking EFI's ninth consecutive quarter of double-digit revenue growth, along with record inkjet, software, and recurring revenues," said Guy Gecht, CEO of EFI. "We are very pleased with the solid execution in our seasonally low quarter and ahead of the industry's largest tradeshow. At drupa we are set to unveil some amazing new technology that enables our customers to transform their businesses to target the growth areas of print and optimize their operations."

For the second quarter of 2012, the company is expecting approximately 15% year-over-year revenue growth.

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 www.efi.com.

 

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