By Jon Robinson
Electronics For Imaging of California reported its third quarter results, ended September 30, 2013, with revenue of US$178.8 million, which is an increase of 16 percent when compared to revenue of US$154.1 million in the third quarter of 2012.
For the nine months ended September 30, 2013, EFI reported revenue of US$530.5 million, up 11 percent when compared to US$478.0 million for the same period in 2012.
“The EFI team delivered a very strong third quarter with record revenue and a terrific increase in profitability,” stated Guy Gecht, CEO of EFI.
The company’s Fiery operating segment lead the charge in the third quarter of 2013, by generating US$63.2 million in revenue compared to this segment’s US$50.7 million in revenues in Q3 2012. Productivity Software, which holds EFI’s portfolio of Management Information System technology, increased to US$28.5 million in Q3 2013 when compared to US$24.2 in the year ago quarter. EFI’s Industrial Inkjet segment also increased in Q3 2013 compared to the year ago quarter, coming in at US$87.1 million in 2013 versus US$79 million in Q3 2012.
When looking at revenue by geographical area, the Americas and EMEA had the most positive third-quarter effect for the company. The Americas, which remains as EFI’s dominant region, increased to US$102.4 million in Q3 2013 from US$86.4 million in Q3 2012. EMEA reached US$52.2 million in the third quarter of 2013 from US$41.1 million in the third quarter of 2012.