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EFI reports record results

January 29, 2013

For the quarter ended December 31, 2012, the company reports record revenue of $174.1 million.

EFI has 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 7% 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% and 17%, 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% and 376%, respectively.

For the twelve months ended December 31, 2012, the EFI reported revenue of $652.1 million, up 10% 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% and 15%, 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% and 200%, 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," says Guy Gecht, chief executive officer of EFI. "We are excited about 2013 and the growth opportunities ahead for EFI and our customers."

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