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EFI Reports Record Revenue for 2Q 2012

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

Electronics For Imaging, Inc. (EFI) announced its results for the second quarter of 2012.

For the quarter ended June 30, 2012, the company reported record revenue of $163.9 million, up 16% compared to second quarter 2011 revenue of $141.2 million. Second quarter 2012 non-GAAP net income was $14.2 million compared to non-GAAP net income of $11.3 million in 2011.

For the six months ended June 30, 2012, the company reported revenue of $324 million, up 15% year-over-year compared to $281.2 million for the same period in 2011.
 
“Our team delivered a record revenue quarter with 16% growth in an increasingly challenging operating environment coupled with currency headwinds. Strong results in our Industrial Inkjet and Productivity Software business segments led to our 10th consecutive quarter of double-digit growth,” said Guy Gecht, CEO of EFI.

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