EFI Reports Revenues up 21%

PrintAction Staff
July 26, 2016
By PrintAction Staff
Electronics For Imaging yesterday announced results for its second quarter of 2016, ended June 30, 2016, with a record second quarter revenue of $245.7 million (all dollar amounts in U.S. funds), up 21 percent compared to second quarter 2015 revenue of $202.7 million.

“The EFI team delivered a solid quarter despite the disruption caused by global events during the last week of the quarter,” said Guy Gecht, CEO of EFI. “At the same time, EFI’s market position at the drupa tradeshow validated both our strategy and product roadmap, and we’re particularly encouraged by the exceptional reception to our new Nozomi platform.

The drupa momentum is feeding into the strength we are seeing in the Industrial Inkjet and Productivity Software segments,” continued Gecht, “which keep us on track to deliver our stated goal of $1 billion in revenues for the year.”

For the six months ended June 30, 2016, the company reported revenue of $479.8 million, which was also up 21 percent year-over-year compared to $397.3 million for the same period in 2015. GAAP net income was $7.3 million compared to $13.0 million for the same period in 2015.

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