EFI revenues up 5 percent

EFI’s figures for its second quarter of this year show revenue of $202.7m, up 5% compared to the same quarter last year of $193m.

Net income according to generally accepted accounting principles, or GAAP, was $7.7m as against 2014’s $6.9m, with the diluted share price up from $0.14 to $0.16. Disregarding GAAP, the net income was $22.9m, up from $21m.

This means that EFI’s half year figures show revenue of $397.3 million, up 4% year-over-year compared to $381.7 million for the same period in 2014. Non-GAAP net income was $44.4m, up from $41.3m, but according to GAAP, net income was $13m, down from $17m.

CEO Guy Gecht has reiterated that the company is still aiming to hit its revenue target of $1 billion by next year.

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