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| EFI Reports Fourth Quarter and Full Year 2012 Results |
- Q4 2012
Revenue Increases 7% to a Record $174 Million
- FY 2012
Revenue Increases 10% to a Record $652 Million
- Third
Consecutive Year of Double-Digit Growth
FOSTER CITY, California -- January 24, 2013 -- Electronics For Imaging,
Inc. (Nasdaq:EFII), a world leader in customer-focused digital printing
innovation, today announced its results for the fourth quarter and full year of
2012.
For the quarter ended December 31, 2012, the Company reported record revenue of
$174.1 million, up 7% compared to fourth quarter 2011 revenue of $163.1
million. Fourth quarter 2012 non-GAAP net income was $19.8 million or $0.42 per
diluted share compared to non-GAAP net income of $16.6 million or $0.36 per
diluted share for the same period in 2011, up 19% and 17%, respectively. GAAP
net income was $56.6 million or $1.19 per diluted share, compared to $11.5
million or $0.25 per diluted share for the same period in 2011, up 393% and
376%, respectively.
For the twelve months ended December 31, 2012, the Company reported revenue of
$652.1 million, up 10% year-over-year compared to $591.6 million for the same
period in 2011. Non-GAAP net income was $61.5 million or $1.29 per diluted
share, compared to non-GAAP net income of $53.1 million or $1.12 per diluted
share for the same period in 2011, up 16% and 15%, respectively. GAAP net
income was $83.3million or $1.74 per diluted share, compared to GAAP net income
of $27.5 million or $0.58 per diluted share for the same period in 2011, up
203% and 200%, respectively.
"We finished 2012 with
a very strong quarter that marked a record year for EFI. The fourth quarter
again demonstrated tremendous execution and commitment by our team, solidifying
our third consecutive year of double-digit growth," said Guy
Gecht, Chief Executive Officer of EFI. "We
are excited about 2013 and the growth opportunities ahead for EFI and our
customers."
EFI will discuss the Company's financial results by conference call at 2:00
p.m. PDT today. Instructions for listening to the conference call over the Web
are available on the investor relations portion of EFI's website at www.efi.com.
About EFI
EFI™ (www.efi.com)
is a worldwide provider of products, technology, and services leading the
transformation of analog to digital imaging. Based in Silicon Valley with
offices around the globe, the company's powerful integrated product portfolio
includes digital front-end servers; superwide, wide-format, label, and ceramic
inkjet presses and inks; production workflow, web-to-print, and business
automation software; and office, enterprise, and mobile cloud solutions. These
products allow users to produce, communicate and share information in an easy
and effective way, and enable businesses to increase their profits,
productivity, and efficiency.
The Electronics For Imaging, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=15847
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