Industry News

EFI – Satisfying results for 2016 announced

Source: EFI

USA • The supplier of digital printing solutions reported record fourth quarter results of USD 266 million and for the full year 2016 a revenue of USD 256 million. According to Electronics For Imaging (EFI), the result for 2016  is 12% more revenue compared to 2015.

For the quarter ended December 31, 2016, the companyreported record fourth quarter revenue of USD 266.7 million, up 4% compared to fourth quarter 2015 revenue of USD 256.5 million. According to the company, GAAP net income was USD 20.5 million, up 99% compared to USD 10.3 million for the same period in 2015.

EFI’s non-GAAP net income was USD 36.3 million, up 23% compared to non-GAAP net income of USD29.4 million for the same period in 2015; USD 0.77 per diluted share, in 2015 0.61 per diluted share for the same period. Cash flow from operating activities was USD 65.2 million, up 141% compared to USD 27.1 million during the same period in 2015

For the year ended December 31, 2016, the Company reported revenue of USD 992.1 million, up 12% year-over-year compared to USD 882.5 million in 2015. GAAP net income was USD USD 45.5 million (2015:USD 33.5 million) or USD 0.95 per diluted share (2015: USD 0.70 per diluted share).  Non-GAAP net income was USD 116.8 million. Cash flow from operating activities was USD 121.1 million, up 77% compared to USD 68.3 million in 2015.

Rosina Obermayer

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