Electronics For Imaging (EFII) 8-K Growth Across All Business Segments Drives 24% Operating Income Increase and Solid Cash Generation

Exhibit 99.1

For more information:	Investor Relations:
Vincent Pilette	JoAnn Horne
Chief Financial Officer	Market Street Partners
EFI	415-445-3235
650-357-3500

EFI Reports Record First Quarter with Revenue of $171M, Up 7%

Growth Across All Business Segments Drives 24% Operating Income Increase and Solid Cash Generation

Foster City, Calif. – April 18, 2013– Electronics For Imaging, Inc. (Nasdaq: EFII), a world leader in customer-focused digital printing innovation, today announced its results for the first quarter of 2013.

For the quarter ended March 31, 2013, the Company reported first quarter record revenue of $171.4 million, up 7% compared to first quarter 2012 revenue of $160.1 million. First quarter 2013 non-GAAP net income was $15.8 million or $0.33 per diluted share, which included an unfavorable non-operational currency impact of $0.04 per diluted share, compared to non-GAAP net income of $14.2 million or $0.30 per diluted share for the same period in 2012. GAAP net income was $8.4 million or $0.17 per diluted share, compared to $6.2 million or $0.13 per diluted share for the same period in 2012.

“The EFI team delivered a great first quarter with revenue growth above our expectations, a solid increase in profitability, and very strong cash generation,” said Guy Gecht, CEO of EFI. “With new breakthrough products across our portfolio and sales opportunities at trade shows around the globe, we look for this robust demand to continue into the current quarter as EFI’s innovation continues to help customers drive growth and productivity in their businesses.”

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 EFI

EFI™ (www.efi.com) is a worldwide provider of products, technology, and services leading the transformation of analog to digital imaging. Based in Silicon Valley with offices around the globe, the company’s powerful integrated product portfolio includes digital front-end servers; superwide, wide-format, label, and ceramic inkjet presses and inks; production workflow, web-to-print, and business automation software; and office, enterprise, and mobile cloud solutions. These products allow users to produce, communicate and share information in an easy and effective way, and enable businesses to increase their profits, productivity, and efficiency.

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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. Statements other than statements of historical fact including words such as “anticipate”, “believe”, “estimate”, “expect”, “consider” and “plan” and statements in the future tense are forward looking statements. The statements in this press release that could be deemed forward-looking statements include statements regarding EFI’s strategy, plans, expectations regarding its revenue growth, product portfolio, productivity, future opportunities for EFI and its customers, and any statements or assumptions underlying any of the foregoing.

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. Potential risks and uncertainties include, but are not necessarily limited to, unforeseen expenses; the difficulty of aligning expense levels with revenue; management’s ability to forecast revenues, expenses and earnings; any world-wide financial and economic difficulties and downturns; adverse tax-related matters such as tax audits, changes in our effective tax rate or new tax legislative proposals; the unpredictability of development schedules and commercialization of products by the leading printer manufacturers and declines or delays in demand for our related products; changes in the mix of products sold; the uncertainty of market acceptance of new product introductions; intense competition in each of our businesses, including competition from products developed by EFI’s customers; challenge of managing asset levels, including inventory and variations in inventory levels; the uncertainty of continued success in technological advances; the challenges of obtaining timely, efficient and quality product manufacturing and supply of components; litigation involving intellectual property rights or other related matters; our ability to successfully integrate acquired businesses; the uncertainty regarding the amount and timing of future share repurchases by EFI and the origin of funds used for such repurchases; the market prices of EFI’s common stock prior to, during and after the share repurchases; any disruptions in our operations, the difficulty to retain employees, and additional expenses that we may incur as a result of our relocation from the Foster City campus; the compliance with the new requirements regarding the “conflict minerals,” if they are found to be used in our products, and any other risk factors that may be included from time to time in the Company’s SEC reports.

The statements in this press release are made as of the date of this press release. 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 “Risk Factors” 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 atwww.efi.com.

Use of Non-GAAP Financial Information

To supplement our condensed consolidated financial results prepared under generally accepted accounting principles, or GAAP, we use non-GAAP measures of net income (loss), as the case may be, and earnings per diluted share that are GAAP net income (loss), as the case may be, and GAAP earnings per diluted share adjusted to exclude certain recurring and non-recurring costs, expenses and gains. A reconciliation of the adjustments to GAAP results for the three months ended March 31, 2013 and 2012 is provided below. In addition, an explanation of how management uses non-GAAP financial information to evaluate its business, the substance behind management’s decision to use this non-GAAP financial information, the material limitations associated with the use of non-GAAP financial information, the manner in which management compensates for those limitations, and the substantive reasons management believes that this non-GAAP financial information provides useful information to investors is included under “About our Non-GAAP Net Income and Adjustments” after the tables below.

These non-GAAP measures are not in accordance with or an alternative to GAAP and may be materially different from other non-GAAP measures, including similarly titled non-GAAP measures, used by other companies. The presentation of this additional information should not be considered in isolation from, as a substitute for, or superior to, net income (loss), as the case may be, or earnings per diluted share prepared in accordance with GAAP.

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Electronics For Imaging, Inc.

Condensed Consolidated Statements of Operations

(in thousands, except per share data)

(unaudited)

	Three Months Ended March 31,
	2013			2012
Revenue	$	171,359		$	160,056
Cost of revenue		77,499			72,389
Gross profit		93,860			87,667
Operating expenses:
Research and development		31,067			30,899
Sales and marketing		32,736			30,917
General and administrative		13,698			12,902
Amortization of identified intangibles		4,927			4,184
Restructuring and other		1,902			1,084
Total operating expenses		84,330			79,986
Income from operations		9,530			7,681
Interest and other income (expense), net		(2,924	)		570
Income before income taxes		6,606			8,251
Benefit from (provision for) income taxes		1,756			(2,017	)
Net income	$	8,362		$	6,234
Fully Diluted EPS calculation
Net income	$	8,362		$	6,234
Net income per diluted common share	$	0.17		$	0.13
Shares used in diluted per share calculation		47,986			47,359

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Electronics For Imaging, Inc.

Reconciliation of GAAP Net Income to Non-GAAP Net Income

(in thousands, except per share data)

(unaudited)

	Three Months Ended March 31,
	2013			2012
Net income	$	8,362		$	6,234
Amortization of identified intangibles		4,927			4,184
Stock based compensation – Cost of revenue		469			298
Stock based compensation – Research and development		1,867			1,563
Stock based compensation – Sales and marketing		888			756
Stock based compensation – General and administrative		3,420			2,049
Restructuring and other		1,902			1,084
General and administrative (“G&A”)
Acquisition-related transaction costs		19			451
Change in fair value of contingent consideration		(262	)		—
Sublease income related to our deferred property sale		(720	)		—
Depreciation expense related to our deferred property sale		410			—
Interest and other income (expense), net (“OI&E”):
Interest expense related to our deferred property sale		880			—
Relocation expenses related to deferred property sale		76			—
Tax effect of non-GAAP adjustments		(6,487	)		(2,457	)
Non-GAAP net income	$	15,751		$	14,162
Non-GAAP net income per diluted common share	$	0.33		$	0.30
Shares used in per share calculation		47,986			47,359

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Electronics For Imaging, Inc.

Condensed Consolidated Balance Sheets

(in thousands)

(unaudited)

	March 31, 2013		December  31, 2012
Assets
Cash and cash equivalents	$	298,251	$	283,996
Short-term investments		83,210		80,966
Accounts receivable, net		126,497		135,110
Inventories		62,164		58,343
Other current assets		86,428		74,877
Total current assets		656,550		633,292
Property and equipment, net		85,679		86,582
Goodwill		216,530		219,383
Intangible assets, net		74,460		80,244
Other assets		58,380		55,397
Total assets	$	1,091,599	$	1,074,898
Liabilities & Stockholders’ equity
Accounts payable	$	72,222	$	63,446
Deferred proceeds from property transaction		181,096		180,216
Accrued and other liabilities		126,410		119,174
Income taxes payable		5,057		7,562
Total current liabilities		384,785		370,398
Contingent and other liabilities		7,654		17,742
Deferred tax liabilities		6,012		6,210
Long term taxes payable		31,017		29,755
Total liabilities		429,468		424,105
Total stockholders’ equity		662,131		650,793
Total liabilities and stockholders’ equity	$	1,091,599	$	1,074,898

Note: In accordance with ASC 805, we revised previously issued financial information to reflect adjustments to the accounting for business acquisitions as if they occurred on the acquisition date. Accordingly, we have increased goodwill and accrued and other liabilities by $1.1 million at December 31, 2012 to reflect opening balance sheet adjustments related to our acquisitions of Cretaprint, OPS, and Technique.

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Electronics For Imaging, Inc.

Condensed Consolidated Statements of Cash Flows

(in thousands)

(unaudited)

	Three Months Ended March 31,
	2013			2012
Cash flows from operating activities:
Net income	$	8,362		$	6,234
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		7,158			6,139
Deferred taxes		(5,366	)		602
Tax benefit from employee stock plans		1,885			127
Excess tax benefit from stock-based compensation		(2,013	)		(385	)
Stock-based compensation		6,644			4,666
Provision for (releases of) inventory obsolescence reserves		1,842			(35	)
Provision for allowance for bad debts and sales-related allowances		1,337			201
Contingent consideration payments related to business acquired		(618	)		—
Other non-cash charges and adjustments		306			2,231
Changes in operating assets and liabilities		3,081			(9,814	)
Net cash provided by operating activities*		22,618	*		9,966
Cash flows from investing activities:
Purchases of short-term investments		(12,288	)		(20,415	)
Proceeds from sales and maturities of short-term investments		9,860			29,298
Purchases, net of proceeds from sales, of property and equipment		(2,269	)		(1,307	)
Businesses purchased, net of cash acquired		—			(29,106	)
Proceeds from notes receivable of acquired business		—			5,216
Net cash used for investing activities		(4,697	)		(16,314	)
Cash flows from financing activities:
Proceeds from issuance of common stock		7,621			6,094
Purchases of treasury stock and net settlement of restricted stock		(11,567	)		(1,680	)
Repayment of debt assumed through business acquisitions		(354	)		(5,547	)
Contingent consideration related to business acquired		(349	)		—
Excess tax benefit from stock-based compensation		2,013			385
Net cash used for financing activities		(2,636	)		(748	)
Effect of foreign exchange rate changes on cash and cash equivalents		(1,030	)		706
Increase (decrease) in cash and cash equivalents		14,255			(6,390	)
Cash and cash equivalents at beginning of year		283,996			120,058
Cash and cash equivalents at end of period	$	298,251		$	113,668

* If we excluded $5.5 million of taxes paid during the current quarter related to the sale of our corporate headquarters facility, then our net cash provided by operating activities would be $28.1 million for the three months ended March 31, 2013.

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Electronics For Imaging, Inc.

Revenue by Operating Segment and Geographic Area

(in thousands)

(unaudited)

	Three Months Ended March 31,
	2013		2012
Revenue by Operating Segment
Industrial Inkjet	$	80,303	$	75,092
Productivity Software		27,729		24,069
Fiery		63,327		60,895
Total	$	171,359	$	160,056
Revenue by Geographic Area
Americas	$	93,897	$	82,181
EMEA		50,046		55,126
APAC		27,416		22,749
Japan		7,219		6,952
ROW		20,197		15,797
Total	$	171,359	$	160,056

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About our Non-GAAP Net Income and Adjustments

Use of Non-GAAP Financial Information

To supplement our condensed consolidated financial results prepared in accordance with GAAP, we use non-GAAP measures of net income and earnings per diluted share that are GAAP net income and GAAP earnings per diluted share adjusted to exclude certain recurring and non-recurring costs, expenses, and gains.

We believe that the presentation of non-GAAP net income and non-GAAP earnings per diluted share provides important supplemental information regarding non-cash expenses and significant recurring and non-recurring items that we believe are important to understanding financial and business trends relating to our financial condition and results of operations. Non-GAAP net income and non-GAAP earnings per diluted share are among the primary indicators used by management as a basis for planning and forecasting future periods and by management and our Board of Directors to determine whether our operating performance has met specified targets and thresholds. Management uses non-GAAP net income and non-GAAP earnings per diluted share when evaluating operating performance because it believes the exclusion of the items described below, for which the amounts and/or timing may vary significantly depending on the Company’s activities and other factors, facilitates comparability of the Company’s operating performance from period to period. We have chosen to provide this information to investors so they can analyze our operating results in the same way that management does and use this information in their assessment of our business and the valuation of our Company.

Use and Economic Substance of Non-GAAP Financial Measures

We compute non-GAAP net income and non-GAAP earnings per diluted share by adjusting GAAP net income and GAAP earnings per diluted share to remove the impact of recurring amortization of acquisition-related intangibles and stock-based compensation expense, as well as restructuring related and non-recurring charges and gains and the tax effect of these adjustments. Such non-recurring charges and gains include acquisition-related transaction expenses and the costs to integrate such acquisitions into our business, changes in the fair value of contingent consideration, corporate headquarters relocation expenses, and imputed interest expense and depreciation, net of accrued sublease income, related to the sale of our corporate headquarters facility and related land.

These excluded items are described below:

Recurring charges and gains, including:

• Amortization of acquisition-related intangibles. Intangible assets acquired to date are being amortized on a straight-line basis. Post-acquisition non-competition agreements are amortized over their term.

• Stock-based compensation expense recognized in accordance with ASC 718, Stock-based Compensation.

Non-recurring charges and gains, including:

• Restructuring and other consists of:

• Restructuring charges incurred as we consolidate the number and size of our facilities and, as a result, reduce the size of our workforce.

• Acquisition-related executive deferred compensation costs, which are dependent on the continuing employment of a former shareholder of an acquired company, are being amortized on a straight-line basis.

• Expenses incurred to integrate businesses acquired during the periods reported and anticipated acquisitions.

Certain G&A and OI&E expenses, including:

• Acquisition-related transaction costs associated with businesses acquired during the periods reported and anticipated transactions.

• Changes in fair value of contingent consideration. Our management determined that we should analyze the total return provided by the investment when evaluating operating results of an acquired entity. The total return consists of operating profit generated from the acquired entity

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compared to the purchase price paid, including the final amounts paid for contingent consideration without considering any post-acquisition adjustments related to changes in the fair value of the contingent consideration. Because management believes the final purchase price paid for the acquisition reflects the accounting value assigned to both contingent consideration and to the intangible assets, we exclude the GAAP impact of any adjustments to the fair value of acquisition-related contingent consideration from the operating results of an acquisition in subsequent periods. We believe this approach is useful in understanding the long-term return provided by our acquisitions and that investors benefit from a supplemental non-GAAP financial measure that excludes the impact of this adjustment.

• Imputed net expenses related to sale of building and land. On November 1, 2012, we sold our 294,000 square foot building located at 303 Velocity Way in Foster City, California, which serves as our current corporate headquarters, along with approximately four acres of land and certain other assets related to the property, to Gilead Sciences, Inc. for $179.7 million. We will continue to use the facility for up to one year from the date of the sale of the property, for which rent is not required to be paid. This constitutes a form of continuing involvement that prevents gain recognition. Until we vacate the building, the proceeds from the sale will be recognized as deferred proceeds from property transaction on our Condensed Consolidated Balance Sheet, which is currently $181.1 million, including imputed interest costs. Imputed sublease income of $0.7 million and imputed depreciation of $0.4 million are included in General and Administrative expenses. Imputed interest expense of $0.9 million is included in Interest and other income (expense), net, as of March 31, 2013.

• Expenses incurred during the period related to the upcoming relocation of our corporate headquarters facility are included in Interest and other income (expense), net.

Tax effect of non-GAAP adjustments

• After excluding the items described above, we apply the principles of ASC 740, Income Taxes, to estimate the non-GAAP income tax provision in each jurisdiction in which we operate.

• To facilitate comparability of our operating performance between 2013 and 2012, we have excluded the following from our non-GAAP net income for the three months ended March 31, 2013:

• Interest accrued on prior year tax reserves of $0.1 million,

• Tax charge of $0.3 million resulting from the filing of tax returns by foreign subsidiaries for periods prior to their acquisition by EFI.

• Tax benefit of $3.4 million from the retroactive renewal of both the 2012 U.S. federal research and development tax credit and certain international tax provisions on January 2, 2013. The tax benefit for these items had been previously recognized in our non-GAAP net income for the year ended December 31, 2012

Usefulness of Non-GAAP Financial Information to Investors

These non-GAAP measures are not in accordance with or an alternative to GAAP and may be materially different from other non-GAAP measures, including similarly titled non-GAAP measures, used by other companies. The presentation of this additional information should not be considered in isolation from, as a substitute for, or superior to, net income or earnings per diluted share prepared in accordance with GAAP. Non-GAAP financial measures have limitations as they do not reflect certain items that may have a material impact upon our reported financial results. We expect to continue to incur expenses of a nature similar to the non-GAAP adjustments described above, and exclusion of these items from our non-GAAP net income and non-GAAP earnings per diluted share should not be construed as an inference that these costs are unusual, infrequent, or non-recurring.

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