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EFI's Q3 revenue up 16% to $229 mn
23
Oct '15
Electronics For Imaging (EFI), a leading customer-focused digital printing innovation company, has reported a 16 per cent year-on-year increase in its third quarter 2015 revenue.
 
For the quarter ended September 30, 2015, the company reported record revenue of $228.7 million compared to third quarter 2014 revenue of $197.7 million.
 
Non-GAAP net income was $24.1 million or $0.50 per diluted share, compared to non-GAAP net income of $20.6 million or $0.43 per diluted share for the same period in 2014. GAAP net income was $10.3 million or $0.21 per diluted share, compared to $4.8 million or $0.10 per diluted share for the same period in 2014, the company said in a statement.
 
For the nine months ended September 30, 2015, EFI reported revenue of $626.0 million, up 8 per cent year over year compared to $579.3 million for the same period in 2014. Non-GAAP net income was $68.5 million or $1.42 per diluted share, compared to non-GAAP net income of $61.9 million or $1.28 per diluted share for the same period in 2014. GAAP net income was $23.2 million or $0.48 per diluted share, compared to $21.8 million or $0.45 per diluted share for the same period in 2014.
 
“EFI delivered another solid quarter, overcoming the negative impact from various foreign currencies and weak emerging markets,” said Guy Gecht, CEO of EFI. “I'm proud of the way our teams planned and are quickly executing on the integration of Reggiani and Matan. We are particularly excited about the progress and cross selling activities with our new Reggiani products reinforcing the tremendous opportunity for digital printing on textile.”
 
Based in Silicon Valley, EFI develops breakthrough technologies for manufacturing of textiles and other products with a wide range of printers, inks, digital front ends, and a comprehensive business and production workflow suite that transforms and streamlines the entire production process. (RKS) 
 

Fibre2Fashion News Desk – India

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