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EFI Sets $1 Billion Revenue Target, Increases Long Term Financial Model, Announces $200 Million Share Repurchase Program

Friday, November 08, 2013

Press release from the issuing company

Company Hosts Investor Day; Highlights Key Industry Trends Driving Business 

NEW YORK - Electronics For Imaging, Inc. a world leader in customer-focused digital printing innovation, will make a number of financial announcements today at its Investor Day:

  • The Company set a revenue target of $1 Billion and non-GAAP earnings per share of $2.30-$2.60 for FY2016;
  • Announced a $200 Million share repurchase program, expected to be completed in 3 years.

"Industrial imaging is at an inflection point as digital printing technology is disrupting the way manufacturing has been done for decades," stated Guy Gecht, EFI's Chief Executive Officer. "We are early in this transition from analog to digital technology, with EFI's unique portfolio allowing us to capture more of an expanding market. Our deep commitment to continue developing innovative products that make our customers more competitive only furthers our confidence in the financial targets we have provided today."

The Company will provide more detail on the long term financial model and revenue target in the live audio webcast of the event and the slide presentation that will be made available on the Investor Relations/Events & Presentations portion of EFI's website at http://www.efi.com. Instructions for listening to the live audio webcast are available on the Investor Relations portion of EFI's website. A replay of the webcast will be available online at the aforementioned website following the conclusion of the event.

 

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