EFI revenues rise further

EFI has posted its results for the second quarter of this year, showing a rise in revenue of 21 percent up to $245.7 million.

However, net income for the quarter, according to Generally Accepted Accounting Principles, or GAAP, was down to $5.2 million or $0.11 per diluted share, compared to $7.7 million or $0.16 per diluted share for the same period in 2015. But against this the non-GAAP net income was $26.7 million or $0.56 per diluted share, compared to non-GAAP net income of $22.9 million or $0.48 per diluted share for the same period in 2015.

We can now also see the figures for the first half of this year, which show revenue of $479.8 million, up 21% year-over-year compared to $397.3 million for the same period in 2015.

The GAAP net income for this half was $7.3 million, down from $13.0 million for the same period in 2015. However, non-GAAP net income was $52.9 million, a rise over the $44.4 million for the same period in 2015.

Guy Gecht, CEO of EFI, commented: “EFI’s market position at the drupa tradeshow validated both our strategy and product roadmap, and we’re particularly encouraged by the exceptional reception to our new Nozomi platform. The drupa momentum is feeding into the strength we are seeing in the Industrial Inkjet and Productivity Software segments which keep us on track to deliver our stated goal of $1 billion in revenues for the year.”


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