EFI, developer of digital imaging and print management solutions for commercial and enterprise printing, has announced that, for the quarter ended June 30, 2004, revenue grew 23 per cent to US$109.1m from US$88.7m for the same period in 2003. For the six months ended June 30, 2004, revenue grew 24 per cent to US$215.8m from the US$174.4m achieved in the first six months of 2003.
Pro forma net income was US$12.6m or US23c per diluted share in the second quarter of 2004, an increase of 37per cent from US$9.2m or US17c per diluted share for the same period in 2003.
Pro forma net income for the six months ended June 30, 2004 was US$24.9m or US45c per diluted share, an increase of 54 per cent from the $16.2m or $0.29 per diluted share achieved during the same period in 2003.
GAAP net income was US$10.1m or US18c per diluted share in the second quarter of 2004, compared to US$8.1m, or US15c per diluted share for the same period in 2003.
GAAP net income for the six months ended June 30, 2004 was US$21.1m or US38c per diluted share, compared to US$13.2m, or US24c per diluted share for the same period in 2003.
Guy Gecht, EFI CEO, says, "Our Q2 results indicate strong customer acceptance of our expanding portfolio of integrated software solutions. We are very encouraged by the traction in the marketplace evidenced by a growing number of customers using EFI technology to optimise their production processes. From job creation, to high quality output, fulfilment and print MIS systems, our solutions are enabling print providers to increase their competitiveness and efficiency."
