EFI is hitting record revenues, with the US-listed digital print systems manufacturer recording US$180.3 million in revenue for the quarter ending June 2013 – 10 per cent up from the figures for the same period in 2012.
According to company’s latest results, its second quarter 2013 non-GAAP (generally accepted accounting principles) net income was $18.3 million or $0.38 per diluted share, compared to non-GAAP net income of $14.2 million or $0.30 per diluted share for the same period in 2012.
The record quarter comes just over a month after EFI snapped up two international print software developers as part of its continuing strategy to corner the MIS and workflow markets within the industry from end-to-end.
The company says its GAAP net income was $9.4 million or $0.20 per diluted share, compared to $7.0 million or $0.15 per diluted share for the same period in 2012.
For the six months ended June 30, 2013, the Company reported revenue of $351.7 million, up 9 per cent year-over-year compared to $324.0 million for the same period in 2012.
EFI’s GAAP net income for the six-month period was $17.8 million or $0.37 per diluted share, compared to GAAP net income of $13.2 million or $0.28 per diluted share for the same period in 2012.
"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," says Guy Gecht (pictured), CEO of EFI. "We look to maintain this momentum into the third quarter as customers increasingly turn to EFI to make their businesses more competitive."