EFI reports record revenue in second quarter

This compares to second quarter revenue in 2012 of US$163.9 million.

Non-GAAP net income during the second quarter of 2013 was US$18.3 million compared to non-GAAP net income of US$14.2 million in the same period in 2012. GAAP net income was US$9.4 million compared to US$7 million for the same period in 2012.

Revenue for the first half of 2013 was also up, increasing nine percent year-on-year from US$324 million to US$351.7 million. Non-GAAP net income was US$34 million and GAAP net income was US$17.8 million in the first six months of 2013, against US$28.3 million and US$17.8 million in the comparable period last year.

EFI chief executive officer Guy Gecht said: ‘We could not have been more delighted with the record results the EFI team delivered in the second quarter as our product innovation continues to drive demand across our three segments.

‘We look to maintain this momentum into the third quarter as customers increasingly turn to EFI to make their businesses more competitive.’