EFI reports fourth quarter and full year 2012 results

According to a press release, fourth quarter 2012 non-GAAP net income was US-$ 19.8 million or US-$ 0.42 per diluted share compared to non-GAAP net income of US-$16.6 million or US-$ 0.36 per diluted share for the same period in 2011. GAAP net income was US-$ 56.6 million or US-$ $1.19 per diluted share, compared to US-$ 11.5 million or US-$ 0.25 per diluted share for the same period in 2011.

For the full year 2012, EFI reported revenue of US-$ 652.1 million, up 10% year-over-year compared to US-$ 591.6 million for the same period in 2011. Non-GAAP net income was US-$ 61.5 million or US-$ 1.29 per diluted share, compared to non-GAAP net income of US-$ 53.1 million or US-$ 1.12 per diluted share for the same period in 2011.

Guy Gecht, Chief Executive Officer of EFI pointed out: “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. We are excited about 2013 and the growth opportunities ahead for EFI and our customers.”