EFI has released its results for the fourth quarter of 2013, which show it recorded revenue of $197.2 million, up 13% compared to fourth quarter 2012.
Fourth quarter 2013 non-GAAP (generally accepted accounting principles) net income was $23.8 million or $0.49 per diluted share, up 20% and 17%, respectively, compared to non-GAAP net income of $19.8 million or $0.42 per diluted share for the same period in 2012.
Also released were the results for the whole of 2013, which showed for the twelve months ending 31 December, 2013, the company recorded revenue of $727.7 million, up 12% year-overyear compared to $652.1 million for the same period in 2012. Non-GAAP net income was $76.6 million or $1.58 per diluted.
‘The EFI team delivered a record fourth quarter with strong execution, driving double-digit growth across all segments and regions and capping a terrific 2013,’ said Guy Gecht, chief executive officer. ‘Looking ahead, we are excited about our opportunities from the on going migration of analogue to digital printing, and continue to be very focused on helping customers become more productive and competitive.’
