EFI reports second quarter 2017 results

Non-GAAP net income was $25.5 million, down 4% compared to non-GAAP net income of $26.7 million for the same period in 2016 or $0.54 per diluted share, down 4% compared to $0.56 per diluted share for the same period in 2016. Cash flow from operating activities was $24.1 million, up 5% compared to $22.9 million during the same period in 2016.

According to a press release, for the six months ended June 30, 2017, the company reported revenue of $475.7 million, down 1% year-over-year compared to $479.8 million for the same period in 2016. GAAP net income was $7.5 million or $0.16 per diluted share, compared to $7.3 million or $0.15 per diluted share for the same period in 2016. Non-GAAP net income was $51.3 million or $1.09 per diluted share, compared to non-GAAP net income of $52.9 million or $1.10 per diluted share for the same period in 2016. Cash flow from operating activities for the six months ended June 30, 2017, was $39.0 million, up 22% compared to $31.9 million during the same period in 2016.