NEWS -- For Immediate Release
EFI Reports Record Second Quarter Revenue of $203M
FREMONT, California -- July 20, 2015 -- Electronics For Imaging, Inc. (Nasdaq:EFII), a world leader in customer-focused digital printing innovation, today announced its results for the second quarter of 2015.
For the quarter ended June 30, 2015, the Company reported record second quarter revenue of $202.7 million, up 5% compared to second quarter 2014 revenue of $193.0 million. Non-GAAP net income was $22.9 million or $0.48 per diluted share, compared to non-GAAP net income of $21.0 million or $0.44 per diluted share for the same period in 2014. GAAP net income was $7.7 million or $0.16 per diluted share, compared to $6.9 million or $0.14 per diluted share for the same period in 2014.
For the six months ended June 30, 2015, the Company reported 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 $44.4 million or $0.92 per diluted share, compared to non-GAAP net income of $41.3 million or $0.86 per diluted share for the same period in 2014. GAAP net income was $13.0 million or $0.27 per diluted share, compared to $17.0 million or $0.35 per diluted share for the same period in 2014.
"Solid execution by our team led to a record June quarter for EFI, driven by strength across all of our business segments," said Guy Gecht, Chief Executive Officer of EFI. "We couldn't ask for a better setup as we begin integrating Reggiani and Matan, which we acquired early in the third quarter. These two acquisitions strengthen EFI's product offerings and capabilities, and most importantly, strategically expand our TAM as we enter the vast digital textile market."
EFI discussed the Company's financial results by conference call at 2:00 p.m. PDT today. Instructions for listening to the conference call over the Web are available on the investor relations portion of EFI's website at www.efi.com
About EFI EFI™ is a global technology company, based in Silicon Valley, and is leading the worldwide transformation from analog to digital imaging. We are passionate about fueling customer success with products that increase competitiveness and boost productivity. To do that, we develop breakthrough technologies for the manufacturing of signage, packaging, textiles, ceramic tiles, and personalized documents, with a wide range of printers, inks, digital front ends, and a comprehensive business and production workflow suite that transforms and streamlines the entire production process. (www.efi.com)