EFI Reports Fourth Quarter and Full Year 2012 Results
FOSTER CITY, CA—January 24, 2013—Electronics For Imaging, a world leader in customer-focused digital printing innovation, today announced its results for the fourth quarter and full year of 2012.
For the quarter ended December 31, 2012, the Company reported record revenue of $174.1 million, up seven 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 December 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 $83.3million 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, CEO of EFI. "We are excited about 2013 and the growth opportunities ahead for EFI and our customers."
EFI™ is a worldwide provider of products, technology, and services leading the transformation of analog to digital imaging. Based in Silicon Valley, CA, with offices around the globe, the company's powerful integrated product portfolio includes digital front-end servers; superwide, wide-format, label, and ceramic inkjet presses and inks; production workflow, Web-to-print, and business automation software; and office, enterprise, and mobile cloud solutions. These products allow users to produce, communicate and share information in an easy and effective way, and enable businesses to increase their profits, productivity, and efficiency.