Electronics For Imaging of Foster City, California, continued its strong financial standing with 2012 third quarter results (ended September 30, 2012) showing a five percent increase in revenues, which moved to US$154.1 million from US$147.3 million in the year-ago quarter.
For the nine months ended September 30, 2012, EFI reported revenue of US$478 million, up 12 percent year-over-year compared to US$428.5 million for the same period in 2011. Non-GAAP net income was US$41.7 million, compared to non-GAAP net income of US$36.4 million for the same period in 2011.
“Another very strong quarter by our industrial inkjet business coupled with continued double-digit growth in our Productivity Software business led to solid results for Q3 despite the softness in Europe,” stated Guy Gecht, Chief Executive Officer of EFI. “For the first time, industrial inkjet represented over 50 percent of total EFI revenues, while at the same time the continued high growth of ink volume shows that our customers are also enjoying a similar business expansion.”