Electronics For Imaging (EFII) 8-K Efi Reports Record Revenues

Exhibit 99.1

For more information:	Investor Relations;
John Ritchie	JoAnn Horne
Chief Financial Officer	Market Street Partners
EFI	415-445-3239
650-357-3500

EFI REPORTS RECORD REVENUES

Preliminary Q2 Revenues of $162.5 million,

GAAP EPS $0.15, Non-GAAP EPS $0.33

Foster City, Calif. – July 30, 2007 – EFI (Nasdaq: EFII), the world leader in digital controllers, super-wide format printers and inks and print management solutions, announced today its preliminary results for the second quarter of 2007.

For the quarter ended June 30, 2007, the Company reported record revenues of $162.5 million, up approximately 18.3% when compared to second quarter 2006 revenue of $137.3 million.

Non-GAAP net income was $21.7 million or $0.33 per diluted share in the second quarter of 2007, compared to $18.2 million, or $0.28 per diluted share for the same period in 2006.

GAAP net income was $8.8 million or $0.15 per diluted share in the second quarter of 2007, compared to $11.8 million or $0.18 per diluted share for the same period in 2006.

Non-GAAP net income is computed by adjusting GAAP net income by the impact of recurring amortization of acquisition-related intangibles, stock-based compensation expenses, certain tax charges, as well as other non-recurring charges and gains.

“We are pleased that we exceeded both revenue and earnings expectations in Q2, driven by strength across all three of our major product lines,” said Guy Gecht, CEO of EFI. “The record revenues allowed us to increase investment in our business, while still achieving 18% year over year earnings growth. We are increasing our revenue outlook for the full year driven by robust demand for new Fiery products along with VUTEk’s strong sales pipeline, that has been led by the QS product line.”

The Company also announced that it is currently targeting to become compliant with its SEC filings at the end of the third quarter. This date is subject to revision.

Information regarding SEC filings and financial statements

On June 29, 2007, the Company announced the completion of the independent investigation by a special committee of its board of directors into its historical stock option practices, and the remedial actions it is taking in response to the findings and recommendations of the special committee.

As previously announced, EFI is currently working on the anticipated restatement and plans to become current in its public filings with the Securities and Exchange Commission as soon as practicable. The financial statement effects resulting from the special committee’s findings also remain subject to final review by EFI’s independent registered public accounting firm.

Because the Company’s work related to the restatement is ongoing, the preliminary results contained within this press release are subject to significant adjustment. Until the restatement is complete, the Company will be unable to file its Form 10-Q for the quarters ended September 30, 2006 and March 31, 2007 or its Form 10-K for the year ended December 31, 2006. The Company also expects to delay the filing of its Form 10-Q for the quarter ended June 30, 2007.

Outlook for Q3 2007

• For the third quarter of 2007, the Company expects revenues in the range of $157 million to $160 million.

• For the third quarter of 2007, the Company expects non-GAAP earnings per share of $0.35 to $0.37.

• The Company is increasing its previously announced year over year revenue growth from 10% to 12% to approximately 12% to 13%.

• For the full year 2007, the Company is reiterating its earnings growth range of 17% to 20%.

• For 2007, the Company expects a non-GAAP tax rate of 24% to 25%.

GAAP net income outlook includes an estimated charge related to the implementation of FAS 123R. This estimate is subject to change. Both the non-GAAP and the GAAP earnings estimates include the 9.1 million shares related to the Company’s contingently convertible debt when dilutive to earnings.

Reconciliation of non-GAAP to GAAP EPS estimates

	Three Months Ended September 30, 2007
Non-GAAP EPS estimate	$	0.35		$	0.37
Amortization of acquisition-related intangibles – pre tax	$	(0.13	)	$	(0.13	)
Amortization of stock based compensation – pre tax	$	(0.07	)	$	(0.07	)
Tax effect of non-GAAP adjustments	$	0.08		$	0.08
GAAP EPS estimate	$	0.23		$	0.25

EFI will discuss the Company’s financial results by conference call at 2:00 p.m. PDT today. Instructions for listening to the conference call over the Web are available on the investor relations portion of EFI’s website atwww.efi.com.

About our Non-GAAP Net Income and Adjustments

To supplement our consolidated financial results prepared under generally accepted accounting principles, or GAAP, we use a non-GAAP measure of net income that is GAAP net income adjusted to exclude certain recurring and non-recurring costs, expenses and gains. Our non-GAAP net income gives an indication of our baseline performance before gains, losses or other charges that are considered by management to be outside our core operating results. In addition, non-GAAP net income is among the primary indicators management uses as a basis for planning and forecasting future periods. These measures are not in accordance with or an alternative for GAAP and may be materially different from non-GAAP measures used by other companies. We compute non-GAAP net income by adjusting GAAP net income with the impact of recurring amortization of acquisition-related intangibles, stock-based compensation expenses, certain tax charges, as well as non-recurring charges and gains. The presentation of this additional information should not be considered in isolation or as a substitute for net income prepared in accordance with GAAP.

Safe Harbor for Forward Looking Statements

Certain statements in this press release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. These statements in this press release include “We are increasing our revenue outlook for the full year driven by robust demand for new Fiery products along with VUTEk’s strong sales pipeline, that has been led by the QS product line.”… “The Company also announced that it is currently targeting to become compliant with its SEC filings at the end of the third quarter.”

“The preliminary results contained within this press release are subject to significant adjustment.”…“The Company also expects to delay the filing of its Form 10-Q for the quarter ended June 30, 2007.”… “For the third quarter of 2007, the Company expects revenues in the range of $157 million to $160 million.” “For the third quarter of 2007, the Company expects non-GAAP earnings per share of $0.35 to $0.37.” “The Company is increasing its previously announced year over year revenue growth from 10% to 12% to approximately 12% to 13%.” “For the full year 2007, the Company is reiterating its earnings growth range of 17% to 20%.” “The Company expects a non-GAAP tax rate of 24% to 25%.”… “GAAP net income outlook includes an estimated charge related to the implementation of FAS 123R. This estimate is subject to change.”

Past performance is not necessarily indicative of future results. Forward-looking statements are subject to certain risks and uncertainties that could cause our actual future results to differ materially, or cause a material adverse impact on our results, which include, but are not necessarily limited to, the following: (1) management’s ability to forecast revenues, expenses and earnings, especially on a quarterly basis; (2) unexpected declines in revenues or increases in expenses; (3) the additional costs and expenses related to the investigation into the Company’s past stock option grants and stock option grant practices; (4) the restatement of or significant adjustments to the Company’s reported historical results for prior periods, including the preliminary results contained in this press release, as a result of the findings of the special committee investigation into the Company’s past stock option grants and stock option grant practices; (5) the adverse impact of a restatement or significant adjustments to the Company’s reported historical results for prior periods, including the preliminary results contained in this press release; (6) the delay in filing our 10-Q for the quarters ended September 30, 2006 and March 31, 2007, and our 10-K for the year ended December 31, 2006, as well as the potential delay in filing our 10-Q for the quarter ended June 30, 2007; (7) the potential suspension of our Common Stock from trading on Nasdaq arising from the delay in filing our periodic reports with the SEC and the possibility that the Nasdaq Listing and Hearing Review Council may lift its stay on the action by the Nasdaq Listing Qualifications Panel to delist our Common Stock; (8) the potential acceleration of the amounts due under our outstanding convertible debentures arising from an event of default related to the delay in filing our periodic reports with the SEC or the potential suspension of our Common Stock from trading on Nasdaq; (9) our inability to exercise our option to repurchase our outstanding convertible debentures through the issuance of Common Stock if our Common Stock is suspended from trading on Nasdaq; (10) the potential adverse impact of litigation relating to the Company’s past stock grants and stock option practices; (11) the possibility of additional litigation and governmental actions relating to our past stock grants and stock option practices; (12) current world-wide financial, economic and political difficulties and downturns, including

adverse variations in foreign exchange rates, that could affect demand for our products; (13) a significant decline or delay in demand for our products by any of our important OEM partners; (14) the unpredictability of development schedules and commercialization of the products manufactured and sold by our OEM partners; (15) variations in growth rates or declines in the printing and imaging markets across various geographic regions; (16) changes in historic customer order patterns, including changes in customer and channel inventory levels; (17) changes in the mix of products sold leading to variations in operating results; (18) the uncertainty of market acceptance of new product introductions; (19) delays in product deliveries that cause quarterly revenues and income to fall significantly short of anticipated levels; (20) competition and/or market factors, which may adversely affect margins; (21) competition in each of our businesses, including competition from products internally developed by EFI’s customers; (22) excess or obsolete inventory and variations in inventory valuation; (23) intense competition in the industrial and commercial digital inkjet market; (24) the uncertainty of continued success in technological advances, including development and implementation of new processes and strategic products; (25) the challenges of obtaining timely, efficient and quality product manufacturing; (26) litigation involving intellectual property rights or other related matters; (27) our ability to adequately and timely service our debt; (28) our ability to successfully integrate acquired businesses, without operational disruption to our existing businesses; (29) the potential that investments in new business strategies and initiatives could disrupt the Company’s ongoing businesses and may present risks not originally contemplated; (30) the potential loss of sales, unexpected costs or adverse impact on relations with customers or suppliers as a result of acquisitions; (31) differences between the financial results as filed with the SEC and the preliminary results included in our earnings press releases due to the complexity in accounting rules; and (32) any other risk factors that may be included from time to time in the Company’s SEC reports.

EFI undertakes no obligation to update information contained in this press release. For further information regarding risks and uncertainties associated with EFI’s businesses, please refer to the section entitled “Factors That Could Adversely Affect Performance” in the Company’s SEC filings, including, but not limited to, its annual report on Form 10-K and its quarterly reports on Form 10-Q, copies of which may be obtained by contacting EFI’s Investor Relations Department by phone at 650-357-3828 or by email atinvestor.relations@efi.com or EFI’s Investor Relations website athttp://www.efi.com.

About Electronics for Imaging, Inc. / EFI

EFI (www.efi.com) is the world leader in color digital print servers, super-wide format printers and inks, and commercial and enterprise print management solutions. EFI’s award-winning solutions, integrated from creation to print, deliver increased performance, cost savings and productivity. The Company’s robust product portfolio includes Fiery^® digital color print servers; super-wide digital inkjet printers, UV and solvent inks; industrial inkjet printing systems, print production workflow and management information software; and corporate printing solutions. EFI maintains 23 offices worldwide.

Electronics for Imaging, Inc.

Condensed Consolidated Statements of Income

	Three Months Ended June 30,
(in thousands, except per share data) (unaudited)	2007			2006 as previously stated
Revenue	$	162,465		$	137,338
Cost of revenue		66,598			54,818
Gross profit		95,867			82,520
Operating expenses:
Research and development		34,390			30,331
Sales and marketing		31,967			25,641
General and administrative		17,395			11,882
Acquisition and intangible amortization costs		8,775			8,990
Total operating expenses		92,527			76,844
Income (loss) from operations		3,340			5,676
Interest and other income, net:
Interest and other income		7,255			5,241
Gain on sale of product line		—			6,995
Interest expense		(1,250	)		(1,250	)
Total interest and other income, net		6,005			10,986
Income before income taxes		9,345			16,662
Provision for income taxes		581			4,907
Net income	$	8,764		$	11,755
Fully Diluted EPS calculation
Net income	$	8,764		$	11,755
After-tax adjustment of convertible debt-related costs		750			750
Income for purposes of computing diluted net income per share	$	9,514		$	12,505
Net income per diluted common share	$	0.15		$	0.18
Shares used in diluted per share calculation		68,429			67,753

Electronics for Imaging, Inc.

Reconciliation of GAAP Net Income to

Non-GAAP Net Income

	Three Months Ended June 30,
(In thousands, except per share data) (unaudited)	2007			2006 as previously stated
Net income	$	8,764		$	11,755
Acquisition and intangible amortization costs		8,775			8,990
Gain on sale of product line		—			(6,995	)
Special committee investigation costs		5,977			—
Stock based compensation expense – Cost of revenue		351			365
Stock based compensation expense – Research and development		1,717			1,702
Stock based compensation expense – Sales and marketing		776			721
Stock based compensation expense – General and administrative		1,616			2,797
Tax effect of non-GAAP adjustments	$	(6,273	)	$	(1,153	)
Non-GAAP net income	$	21,703		$	18,182
After-tax adjustment of convertible debt-related expense		750			750
Income for purposes of computing diluted non-GAAP net income per share	$	22,453		$	18,932
Non-GAAP net income per diluted common share	$	0.33		$	0.28
Shares used in per share calculation		68,429			67,753

Electronics for Imaging, Inc.

Condensed Consolidated Balance Sheets (unaudited)

			as previously stated
(in thousands)	June 30, 2007		December 31, 2006
Assets
Cash, cash equivalents and short-term investments	$	517,367	$	510,171
Accounts receivable, net		101,927		96,906
Inventories, net		37,508		35,225
Other current assets		24,885		36,299
Total current assets		681,687		678,601
Property and equipment, net		53,251		52,645
Restricted investments		88,580		88,580
Goodwill		211,946		212,237
Intangible assets, net		102,698		120,030
Other assets		23,398		3,733
Total assets	$	1,161,560	$	1,155,826
Liabilities & Stockholders’ equity
Current Portion of Long-term obligations	$	240,000	$	240,000
Accounts payable		42,060		41,337
Accrued and other liabilities		71,920		85,753
Income taxes payable		5,178		20,587
Total current liabilities		359,158		387,677
Long term deferred tax liability		26,763		18,110
Total liabilities		385,921		405,787
Total stockholders’ equity		775,639		750,039
Total liabilities and stockholders’ equity	$	1,161,560	$	1,155,826

Revenue Break-Down

	Three Months Ended June 30,
(in thousands) (unaudited)	2007		2006
Revenue by Product
Controller products	$	84,851	$	75,748
Inkjet products		54,837		42,427
Professional printing applications		22,777		19,163
Total	$	162,465	$	137,338
Revenue by Geographic Area
Americas	$	85,994	$	70,722
Europe		60,687		39,781
Japan		11,013		14,406
Rest of World		4,771		12,429
Total	$	162,465	$	137,338