USA: Electronics for Imaging Inc., has announced preliminary results for full year and fourth quarter ended December 31, 2016. The company reported record fourth quarter revenue of US $ 266.7 million, up 4 per cent compared to corresponding period in 2015. Its GAAP income stood US $ 20.5 million, up 99 per cent compared to US $ 10.3 million for the same period in 2015 while non-GAAP net income was US $ 36.3 million, up 23 per cent compared to non-GAAP net income of US $ 29.4 million in the corresponding quarter of 2015.
For the full year ended December 31, 2016, EFI’s revenue stood at US $ 992.1 million, up 12 per cent year-over-year compared to US $ 882.5 million in 2015. GAAP net income was US $ 45.5 million, up 36 per cent compared to US $ 33.5 million for the same period in 2015. Non-GAAP net income totalled US $ 116.8 million, up 19 per cent compared to non-GAAP net income of US $ 97.9 million of 2015.