EFI reports first quarter results

According to a press release, the company reported for the first quarter of 2013, ending March 31, 2013, record revenue of US-$ 171.4 million, 7 percent up compared to first quarter 2012 revenue of US-$ 160.1 million. First quarter 2013non-GAAP net income was US-$ 15.8 million or US-$ 0.33 per diluted share, including an unfavorable non-operational currency impact of US-$ 0.04 per diluted share (2012: non-GAAP net income of US-$ 14.2 million or US-$ 0.30 per diluted share). GAAP net income was US-$ 8.4 million or US-$ 0.17 per diluted share (2012: US-$ 6.2 million or US-$ 0.13 per diluted share).

Guy Gecht, CEO of EFI, states in a press release: “The EFI team delivered a great first quarter with revenue growth above our expectations, a solid increase in profitability, and very strong cash generation. With new breakthrough products across our portfolio and sales opportunities at trade shows around the globe, we look for this robust demand to continue into the current quarter as EFI’s innovation continues to help customers drive growth and productivity in their businesses.”