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Recurring revenue up 16 percent, driven by 25 percent growth in UV ink volume, continued strength in software bookings
April 16, 2014
By: DAVID SAVASTANO
Editor, Ink World Magazine
Electronics For Imaging, Inc. (EFI) announced its results for the first quarter of 2014. For the quarter ended March 31, 2014, the company reported record first quarter revenue of $188.7 million, up 10% compared to first quarter 2013 revenue of $171.4 million. 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 ...
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