EFI Reports Record Revenue for Fourth Quarter, Exceeds Outlook

Electronics For Imaging, Inc. (Nasdaq:EFII), a world leader in customer-focused digital printing innovation, today announced its results for the quarter  and year ended December 31, 2015.

For the quarter ended December 31, 2015, the Company reported record revenue of $256.5 million, up 22% compared to fourth quarter 2014 revenue of $211.1 million.  Non-GAAP net income was $29.4 million or $0.61 per diluted share, which was reduced by 3 cents due to balance sheet currency translation impact, compared to non-GAAP net income of $25.1 million or $0.52 per diluted share for the same period in 2014, which was reduced by 2 cents due to balance sheet currency translation impact.  GAAP net income was $10.3 million or $0.21 per diluted share, compared to $11.9 million or $0.25 per diluted share for the same period in 2014.

For the year ended December 31, 2015, the Company reported revenue of $882.5 million, up 12% year-over-year compared to $790.4 million for the same period in 2014.  Non-GAAP net income was $97.9 million or $2.03 per diluted share, compared to non-GAAP net income of $87.1 million or $1.80 per diluted share for the same period in 2014.  GAAP net income was $33.5 million or $0.70 per diluted share, compared to $33.7 million or $0.70 per diluted share for the same period in 2014.

“Our team capped another strong year for EFI by delivering an outstanding quarter despite the continued macro headwinds we have had to overcome all year,” said Guy Gecht, CEO of EFI. “As we begin 2016, we remain deeply committed to developing innovative technology to make our customers more competitive and productive.”
http://ir.efi.com/releasedetail.cfm?ReleaseID=952053

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