EFI has announced its results for the first quarter of 2014, which saw the company record revenue of $188.7 million, up 10% compared to first quarter 2013.
First quarter 2014 non-GAAP net income was $20.4 million or $0.42 per diluted share, up 29% and 27%, respectively, compared to non-GAAP net income of $15.8 million or $0.33 per diluted share for the same period in 2013.
GAAP net income was $10.1 million or $0.21 per diluted share, up 21% and 24%, respectively, compared to $8.4 million or $0.17 per diluted share for the same period in 2013.
‘The EFI team kicked off 2014 with another very strong quarter, delivering revenue and profitability above our expectations,’ said Guy Gecht, CEO. ‘With upcoming product innovations across the portfolio we expect to see solid demand throughout the year as our technology continues to help customers around the world drive growth and productivity in their businesses.’
