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EFI reports record second quarter revenue

Guy Gecht, CEO of EFI
 

EFI has reported record revenue of $202.7 million for the quarter ended June 30, 2015. This is up 5% compared to second quarter 2014 revenue of $193.0 million.

Non-GAAP net income was $22.9 million or $0.48 per diluted share, compared to non-GAAP net income of $21.0 million or $0.44 per diluted share for the same period in 2014. GAAP net income was $7.7 million or $0.16 per diluted share, compared to $6.9 million or $0.14 per diluted share for the same period in 2014.
 
For the six months ended June 30, 2015, the company reported revenue of $397.3 million, up 4% year-over-year compared to $381.7 million for the same period in 2014. Non-GAAP net income was $44.4 million or $0.92 per diluted share, compared to non-GAAP net income of $41.3 million or $0.86 per diluted share for the same period in 2014. GAAP net income was $13.0 million or $0.27 per diluted share, compared to $17.0 million or $0.35 per diluted share for the same period in 2014.
 
"Solid execution by our team led to a record June quarter for EFI, driven by strength across all of our business segments," said Guy Gecht, CEO of EFI. "We couldn't ask for a better setup as we begin integrating Reggiani and Matan, which we acquired early in the third quarter. These two acquisitions strengthen EFI's product offerings and capabilities, and most importantly, strategically expand our TAM as we enter the vast digital textile market."

 
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