EFI Announced Its 2010 Fourth Quarter Results
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Electronics For Imaging, Inc., a world leader in customer-focused digital printing innovation, announced its results for the fourth quarter of 2010.
For the quarter ended Dec. 31, the company reported revenue of $145.0 million, compared to fourth quarter 2009 revenues of $114.0 million.
GAAP net income was $7.6 million or $0.16 per diluted share in the fourth quarter of 2010, compared to GAAP net loss of $(3.4) million or $(0.07) per diluted share for the same period in 2009. Q4 2010 GAAP net income of $7.6 million was primarily driven by a strong revenue quarter and a one-time $2.0 million benefit for the renewal of the 2010 federal R&D tax credit, retroactive to Jan. 1.
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