EFI Reports Record Q4 and Year-end RevenueJanuary 29, 2013
Foster City, California-based Electronics For Imaging Inc. (EFI), a world leader in customer-focused digital printing innovation, announced its results for the fourth quarter and full year of 2012.
For the quarter ended Dec. 31, 2012, the company reported record revenue of $174.1 million, up 7 percent compared to fourth quarter 2011 revenue of $163.1 million. Fourth quarter 2012 non-GAAP net income was $19.8 million or $0.42 per diluted share compared to non-GAAP net income of $16.6 million or $0.36 per diluted share for the same period in 2011, up 19 percent and 17 percent, respectively. GAAP net income was $56.6 million or $1.19 per diluted share, compared to $11.5 million or $0.25 per diluted share for the same period in 2011, up 393 percent and 376 percent, respectively.
For the 12 months ended Dec. 31, 2012, the company reported revenue of $652.1 million, up 10 percent year-over-year compared to $591.6 million for the same period in 2011. Non-GAAP net income was $61.5 million or $1.29 per diluted share, compared to non-GAAP net income of $53.1 million or $1.12 per diluted share for the same period in 2011, up 16 percent and 15 percent, respectively. GAAP net income was $83.3 million or $1.74 per diluted share, compared to GAAP net income of $27.5 million or $0.58 per diluted share for the same period in 2011, up 203 percent and 200 percent, respectively.
"We finished 2012 with a very strong quarter that marked a record year for EFI. The fourth quarter again demonstrated tremendous execution and commitment by our team, solidifying our third consecutive year of double-digit growth," said Guy Gecht, chief executive officer of EFI. "We are excited about 2013 and the growth opportunities ahead for EFI and our customers."
For more information, visit www.efi.com.