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EFI Reports 10 Percent Growth

California-based EFI announced its fourth quarter and year-end results which saw the company increase its revenues 10 percent over its 2011 numbers. 

“We finished 2012 with a very strong quarter that marked a record year for EFI. The fourth quarter again demonstrated tremendous execution and commitment by our team, solidifying our third consecutive year of double-digit growth,” said Guy Gecht, Chief Executive Officer of EFI. “We are excited about 2013 and the growth opportunities ahead for EFI and our customers.”

The company’s revenues for 2012 is US$652.1 million, up 10 percent from its $591.6 million in 2011. Non-GAAP net income was up 16 percent, rising from $53.1 million to $61.5 million. GAAP net income was $56.6 million or $1.19 per diluted share, compared to $11.5 million or $0.25 per diluted share for the same period in 2011, up 393 percent and 376 percent, respectively.