EFI Announces Third Quarter Earnings

Electronics For Imaging, Inc., a world leader in customer-focused digital printing innovation, announced its results for the third quarter of 2011. For the quarter ended Sept. 30, the company reported revenue of $147.3 million, up 14 percent year-over-year compared to third quarter 2010 revenue of $129 million.

For the third quarter of 2011, non-GAAP net income was $11.6 million or $0.25 per diluted share, compared to non-GAAP net income of $10.7 million or $0.23 per diluted share for the same period in 2010.
For the third quarter of 2011, GAAP net income was $6.1 million or $0.13 per diluted share, compared to GAAP net income of $13.4 million or $0.29 per diluted share for the same period in 2010.
For the nine months ended Sept. 30, non-GAAP net income was $36.4 million or $0.76 per diluted share, compared to non-GAAP net income of $14.5 million or $0.31 per diluted share for the same period in 2010.
For the nine months ended Sept. 30, GAAP net income was $16.0 million or $0.34 per diluted share, compared to GAAP net loss of $(0.6) million or $(0.01) per diluted share for the same period in 2010.
"The solid results across all of our business segments and geographies marked EFI's seventh consecutive quarter of double-digit revenue growth, the eighth consecutive quarter of greater than 20 percent growth in UV ink volume, along with record software and recurring revenues," said Guy Gecht, CEO of EFI. "We are pleased that yet again our results demonstrate that our strategy of targeting the growth segments of print with innovative products that deliver compelling ROI is working."

For more information, visit www.efi.com.