EFI CEO Guy Gecht
Electronics For Imaging, Inc (EFI) has announced record results for the quarter and year ended 31 December 2015.
For the final quarter of 2015, revenue was up by 22% compared to the fourth quarter 2014 revenue of $211.1 million. Non-GAAP (Generally Accepted Accounting Principles) net income was $29.4 million, compared to non-GAAP net income of $25.1 million for the same period in 2014. GAAP net income was $10.3 million, compared to $11.9 million for the same period in 2014.
For the year, 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, compared to non-GAAP net income of $87.1 million for the same period in 2014. GAAP net income was $33.5 million, compared to $33.7 million 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 CEO Guy Gecht. ‘As we begin 2016, we remain deeply committed to developing innovative technology to make our customers more competitive and productive.’
