EFI Revenue Up 14 Percent
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Electronics For Imaging, Inc. (EFI), a world leader in customer-focused digital printing innovation, announced its results for the first quarter of 2012.
For the quarter ended March 31, 2012, the company reported revenue of $160.1 million, up 14 percent compared to first quarter 2011 revenue of $140.1 million. First quarter 2012 non-GAAP net income was $14.2 million or $0.30 per diluted share, compared to non-GAAP net income of $13.5 million or $0.28 per diluted share for the same period in 2011. GAAP net income was $6.2 million or $0.13 per diluted share, compared to $6.2 million or $0.13 per diluted share for the same period in 2011.
"Our team delivered another great quarter, marking EFI's ninth consecutive quarter of double-digit revenue growth, along with record inkjet, software and recurring revenues," said Guy Gecht, CEO of EFI. "We are very pleased with the solid execution in our seasonally low quarter and ahead of the industry's largest tradeshow. At drupa we are set to unveil some amazing new technology that enables our customers to transform their businesses to target the growth areas of print and optimize their operations."
For the second quarter of 2012, the company is expecting approximately 15 percent year-over-year revenue growth.
For more information, visit www.efi.com.