EFI revenues continue to grow

EFI has reported the results for its fourth quarter and the full year ended December 31, 2015. The fourth quarter results show record revenue of $256.5 million, up 22% compared to fourth quarter 2014 revenue of $211.1 million. Net income, according to generally accepted accounting principles, was $10.3 million or $0.21 per diluted share, compared to $11.9 million or $0.25 per diluted share for the same period in 2014.

For the full year EFI reported revenue of $882.5 million, up 12% year-over-year compared to $790.4 million for the same period in 2014. Net income, according to GAAP, was $33.5 million or $0.70 per diluted share, compared to $33.7 million or $0.70 per diluted share for the same period in 2014.

This caps a busy year for EFI, which acquired a number of companies including Matan, a direct competitor producing grand format printers, Reggiani Macchine, an Italian digital textile specialist and Shuttleworth, an MIS developer.




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