Electronics For Imaging (EFI), specialist in imaging solutions for network printing, has reported an increase in revenues for the second quarter. It recorded revenues of $88.7 million, compared to $83.9 million a year ago. GAAP net income was $8.3 million, compared to $2.5 million last year, and pro forma net income was $9.2 million compared to $3.2 million.
Guy Gecht, CEO of EFI, comments: “Strong market demand for EFI’s embedded colour products led to the success of our design license business this quarter. As our partners bring innovative colour solutions to market, our industry leading technology and flexible business models provide them with cost and time-to-market advantages, and allow us to benefit from the ongoing migration from black and white to digital colour printing.
“With our business momentum continuing and a planned mid-September close for the Printcafe acquisition, we are confident in our outlook for the second half of 2003.”
29-Jul-2003
