EFI Sees 16% Revenue Increase in 9 Months

EFI has seen a 7% rise in revenue of US$245.6 million for the quarter ended September 30, 2016. This means there has now been a 16% rise over the past nine months. By September 30, 2016, the firm has earned $725.4 million, compared to $626.0 million for the same period in 2015.

Electronics for Imaging, Inc., better known as EFI is an international company based in Silicon Valley that specializes in digital printing technology.

According to Ink World, EFI’s financial results for the third quarter, compare favorably with the US$228.7 million earned in 3Q2015. GAAP net income was US$17.7 million, up 76%, compared to US$10.3 million for the same period in 2015. Non-GAAP net income was US$27.6 million or US$0.58 per diluted share, up 16%, compared to non-GAAP net income of US$24.1 million or $0.50 per diluted share for the same period in 2015.

“Our balanced business model was again the story in the third quarter,” said Guy Gecht, CEO of EFI. “We are delighted with the strong organic growth in our Industrial Inkjet and Productivity Software segments, coupled with a rebound in cash from operations.”

Source: inkworldmagazine.com

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