EFI Reports Record Third Quarter Revenue Of $246 Million, Up 7 Percent

FREMONT, Calif. — October 24, 2016 — Electronics For Imaging Inc. (EFI) today announced its results for the third quarter of 2016.

For the quarter ended September 30, 2016, the Company reported record third quarter revenue of $245.6 million, up 7 percent compared to third quarter 2015 revenue of $228.7 million. GAAP net income was $17.7 million or $0.37 per diluted share, up 76 percent, compared to $10.3 million or $0.21 per diluted share for the same period in 2015. Non-GAAP net income was $27.6 million or $0.58 per diluted share, up 16 percent, compared to non-GAAP net income of $24.1 million or $0.50 per diluted share for the same period in 2015.

For the nine months ended September 30, 2016, the Company reported revenue of $725.4 million, up 16 percent year-over-year compared to $626.0 million for the same period in 2015. GAAP net income was $25.0 million or $0.52 per diluted share, up 8 percent, compared to $23.2 million or $0.48 per diluted share for the same period in 2015. Non-GAAP net income was $80.5 million or $1.68 per diluted share, up 18 percent, compared to non-GAAP net income of $68.5 million or $1.42 per diluted share for the same period in 2015.

“Our balanced business model was again the story in the third quarter. We are delighted with the strong organic growth in our Industrial Inkjet and Productivity Software segments, coupled with a rebound in cash from operations,” said Guy Gecht, CEO, EFI. “We are entering the home stretch of 2016 with a robust pipeline of opportunities to partner with customers around the world in transforming and growing their businesses.”

Posted October 25, 2016

Source: Electronics For Imaging, Inc. (EFI)

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