10.22.14
Electronics For Imaging, Inc. (EFI) has announced record earnings for the third quarter, which ended on September 30, 2014. The company has reported revenue of $197.7 million, up 11% compared to the third quarter from a year ago. EFI, which is based in Silicon Valley, is an international provider of products, technology and services leading the transformation of analog to digital imaging.
Non-GAAP operating income was $30.8 million compared to $22.8 million for the same period in 2013. Non-GAAP net income was $20.6 million or $0.43 per diluted share, compared to non-GAAP net income of $18.7 million or $0.39 per diluted share for the same period last year. GAAP operating income was $12.9 million compared to $13.9 million for the same period in 2013. GAAP net income was $4.8 million or $0.10 per diluted share, compared to last year’s $16.1 million or $0.33 per diluted share.
For the nine-month period that ended on September 30, the company has reported revenue of $579.3 million, up 9% year-over-year compared to $530.5 million for the same period in 2013. Non-GAAP operating income was $82.2 million compared to $68.6 million for the same period last year. Non-GAAP net income was $61.9 million or $1.28 per diluted share, compared to non-GAAP net income of $52.8 million or $1.09 per diluted share for the same period in 2013. GAAP operating income was $36.2 million compared to $35.2 million for the same period in 2013. GAAP net income was $21.8 million or $0.45 per diluted share, compared to last year’s $33.9 million or $0.70 per diluted share.
“In the third quarter, the EFI team raised the bar on execution with revenues growing 11% to all-time record levels, increasing our confidence in achieving $1 billion in revenue by the end of 2016,” says Guy Gecht, CEO of EFI. “We remain sharply focused on that goal as we are helping more and more customers around the world become increasingly competitive and productive.”
Non-GAAP operating income was $30.8 million compared to $22.8 million for the same period in 2013. Non-GAAP net income was $20.6 million or $0.43 per diluted share, compared to non-GAAP net income of $18.7 million or $0.39 per diluted share for the same period last year. GAAP operating income was $12.9 million compared to $13.9 million for the same period in 2013. GAAP net income was $4.8 million or $0.10 per diluted share, compared to last year’s $16.1 million or $0.33 per diluted share.
For the nine-month period that ended on September 30, the company has reported revenue of $579.3 million, up 9% year-over-year compared to $530.5 million for the same period in 2013. Non-GAAP operating income was $82.2 million compared to $68.6 million for the same period last year. Non-GAAP net income was $61.9 million or $1.28 per diluted share, compared to non-GAAP net income of $52.8 million or $1.09 per diluted share for the same period in 2013. GAAP operating income was $36.2 million compared to $35.2 million for the same period in 2013. GAAP net income was $21.8 million or $0.45 per diluted share, compared to last year’s $33.9 million or $0.70 per diluted share.
“In the third quarter, the EFI team raised the bar on execution with revenues growing 11% to all-time record levels, increasing our confidence in achieving $1 billion in revenue by the end of 2016,” says Guy Gecht, CEO of EFI. “We remain sharply focused on that goal as we are helping more and more customers around the world become increasingly competitive and productive.”