EFI revenues up 16 percent

EFI has posted its third quarter results, showing revenues of $228.7 million, up 16 percent on the $197.7m revenue from the same period in 2014.

Net income, according to generally agreed accounting principles, was $10.3m or $0.21 per diluted share, compared to $4.8m or $0.10 per diluted share for the same period in 2014. These are the first set of figures since the summer acquisition of Reggiani and Matan.

For the nine months ended September 30, 2015, the Company reported revenue of $626m, up 8 percent year-over-year compared to $579.3m for the same period in 2014. The GAAP net income was $23.2m or $0.48 per diluted share, compared to $21.8m or $0.45 per diluted share for the same period in 2014.

Separately, EFI has also won a patent lawsuit against Componex, which had sued it for infringing two patents. The court invalidated one of the two patents and found that EFI did not infringe the other and awarded some of EFI’s costs against Componex.


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