EFI Reports Q2 Revenue of $246M, Up 21 Percent Compared to Q2 of 2015

Guy Gecht, CEO, EFI

Electronics For Imaging (EFI), a leader in customer-focused digital printing innovation based in Fremont, Calif., announced its results for the second quarter of 2016.

For the quarter ended June 30, 2016, the company reported record second quarter revenue of $245.7 million, up 21 percent compared to second quarter 2015 revenue of $202.7 million. GAAP net income was $5.2 million or $0.11 per diluted share, compared to $7.7 million or $0.16 per diluted share for the same period in 2015. Non-GAAP net income was $26.7 million or $0.56 per diluted share, compared to non-GAAP net income of $22.9 million or $0.48 per diluted share for the same period in 2015.

For the six months ended June 30, 2016, the company reported revenue of $479.8 million, up 21 percent year-over-year compared to $397.3 million for the same period in 2015. GAAP net income was $7.3 million or $0.15 per diluted share, compared to $13.0 million or $0.27 per diluted share for the same period in 2015. Non-GAAP net income was $52.9 million or $1.11 per diluted share, compared to non-GAAP net income of $44.4 million or $0.92 per diluted share for the same period in 2015.

“The EFI team delivered a solid quarter despite the disruption caused by global events during the last week of the quarter,” said Guy Gecht, CEO of EFI. “At the same time, EFI’s market position at the drupa trade show validated both our strategy and product roadmap, and we’re particularly encouraged by the exceptional reception to our new Nozomi platform. The drupa momentum is feeding into the strength we are seeing in the industrial inkjet and productivity software segments which keep us on track to deliver our stated goal of $1 billion in revenues for the year.”

For more information, visit www.efi.com.