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EFI reports record revenue

July 23, 2013

For the second quarter of 2013, the company reports revenue of $180.3 million, up 10% compared to the second quarter last year.

EFI has announced its results for the second quarter of 2013, and reports record-setting results. For the quarter ended June 30, 2013, the company reported record revenue of $180.3 million, up 10% compared to second quarter 2012 revenue of $163.9 million. Second quarter 2013 non-GAAP net income was $18.3 million or $0.38 per diluted share, compared to non-GAAP net income of $14.2 million or $0.30 per diluted share for the same period in 2012. GAAP net income was $9.4 million or $0.20 per diluted share, compared to $7.0 million or $0.15 per diluted share for the same period in 2012.

For the six months ended June 30, 2013, EFI reports revenue of $351.7 million, up 9% year-over-year compared to $324.0 million for the same period in 2012. Non-GAAP net income was $34.0 million or $0.71 per diluted share, compared to non-GAAP net income of $28.3 million or $0.60 per diluted share for the same period in 2012. GAAP net income was $17.8 million or $0.37 per diluted share, compared to GAAP net income of $13.2 million or $0.28 per diluted share for the same period in 2012.

"We could not have been more delighted with the record results the EFI team delivered in the second quarter as our product innovation continues to drive demand across our three segments," says Guy Gecht, CEO of EFI. "We look to maintain this momentum into the third quarter as customers increasingly turn to EFI to make their businesses more competitive."

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