EFI Reports Record Third Quarter 2015 Revenue of $229M With a 16 Percent Increase
FREMONT, Calif.—October 21, 2015—Electronics For Imaging, a world leader in customer-focused digital printing innovation, has announced its results for the third quarter of 2015.
For the quarter ended Sept. 30, 2015, the company reported record revenue of $228.7 million, up 16 percent compared to third quarter 2014 revenue of $197.7 million. Non-GAAP net income was $24.1 million or $0.50 per diluted share, compared to non-GAAP net income of $20.6 million or $0.43 per diluted share for the same period in 2014. GAAP net income was $10.3 million or $0.21 per diluted share, compared to $4.8 million or $0.10 per diluted share for the same period in 2014.
For the nine months ended Sept. 30, 2015, the Company reported revenue of $626.0 million, up 8 percent year-over-year compared to $579.3 million for the same period in 2014. Non-GAAP net income was $68.5 million or $1.42 per diluted share, compared to non-GAAP net income of $61.9 million or $1.28 per diluted share for the same period in 2014. GAAP net income was $23.2 million or $0.48 per diluted share, compared to $21.8 million or $0.45 per diluted share for the same period in 2014.
"EFI delivered another solid quarter, overcoming the negative impact from various foreign currencies and weak emerging markets," said Guy Gecht, CEO of EFI. "I’m proud of the way our teams planned and are quickly executing on the integration of Reggiani and Matan. We are particularly excited about the progress and cross selling activities with our new Reggiani products reinforcing the tremendous opportunity for digital printing on textile."
EFI is a global technology company, based in Silicon Valley, and is leading the worldwide transformation from analog to digital imaging. The company is passionate about fueling customer success with products that increase competitiveness and boost productivity. To do that, it develops breakthrough technologies for the manufacturing of signage, packaging, textiles, ceramic tiles, and personalized documents, with a wide range of printers, inks, digital front ends, and a comprehensive business and production workflow suite that transforms and streamlines the entire production process.