UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 10-Q


[x] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE
            SECURITIES EXCHANGE ACT OF 1934

                For the quarterly period ended September 30, 1996

                                       OR

[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
            SECURITIES EXCHANGE ACT OF 1934

                         Commission File Number: 0-18805


                          ELECTRONICS FOR IMAGING, INC.
             (Exact name of registrant as specified in its charter)


            Delaware                                             94-3086355
(State or other jurisdiction of                               (I.R.S.  Employer
 incorporation or organization)                              Identification No.)


                     2855 Campus Drive, San Mateo, CA 94403
          (Address of principal executive offices, including zip code)


                                 (415) 286-8600
              (Registrant's telephone number, including area code)


Indicate by check mark whether the registrant (1) has filed all reports required
by  Section  13 or 15(d)  of the  Securities  Exchange  Act of 1934  during  the
preceding 12 months (or for such shorter period that the registrant was required
to file such reports),  and (2) has been subject to such filing requirements for
the past 90 days. Yes [x]  No [  ]


The number of shares of Common Stock  outstanding  as of September  30, 1996 was
25,507,352.


An Exhibit Index can be found on Page 12.



<PAGE>



                          ELECTRONICS FOR IMAGING, INC.

                                      INDEX



                                                                        Page No.


PART I - Financial Information


Item 1.  Condensed Consolidated Financial Statements

             Condensed Consolidated Statements of Income
                  Three Months Ended September 30, 1996 and 1995, and
                  Nine Months Ended September 30, 1996 and 1995 ...............3

             Condensed Consolidated Balance Sheets
                  September 30, 1996 and December 31, 1995 ....................4

             Condensed Consolidated Statements of Cash Flows
                  Nine Months Ended September 30, 1996 and 1995 ...............5

             Notes to Condensed Consolidated Financial Statements .............6



Item 2.  Management's Discussion and Analysis of Financial
         Condition and Results of Operations ..................................7



PART II - Other Information


Items 1 - 5. Not Applicable ..................................................12


Item 6.      Exhibits and Reports on Form 8-K ................................12


Signatures ...................................................................14

                                       2.




<PAGE>



PART I            FINANCIAL INFORMATION


     ITEM 1.          CONDENSED CONSOLIDATED FINANCIAL STATEMENTS


                          ELECTRONICS FOR IMAGING, INC.
                   CONDENSED CONSOLIDATED STATEMENTS OF INCOME
                    (In thousands, except per share amounts)
                                   (Unaudited)


                                   Three Months Ended       Nine Months Ended
                                       September 30,          September 30,
                                 --------------------     ----------------------
                                   1996         1995         1996         1995
                                --------     --------    ---------     ---------
Revenue                         $ 75,121     $ 48,502    $ 207,816     $133,664
Cost of revenue                   36,422       24,269      104,220       67,058
                                --------     --------    ---------     ---------
                                  38,699       24,233      103,596       66,606
                                --------     --------    ---------     ---------
Operating expenses:
   Research and development        5,806        3,243       15,052        8,983
   Sales and marketing             7,695        5,425       20,538       16,930
   General and administrative      2,634        1,839        7,387        5,200
                                --------     --------    ---------     ---------
                                  16,135       10,507       42,977       31,113
                                --------     --------    ---------     ---------
     Income from operations       22,564       13,726       60,619       35,493

Other income, net                  1,738        1,463        5,087        3,853
                                --------     --------    ---------     ---------
     Income before income taxes   24,302       15,189       65,706       39,346

Provision for income taxes         8,749        5,468       23,655       14,164
                                --------     --------    ---------     ---------
     Net income                 $ 15,553     $  9,721     $ 42,051     $ 25,182
                                ========     ========     ========     =========

Net income per share            $   0.57     $   0.36     $   1.54     $   0.95
                                ========     ========     ========     =========

Shares used in computing
   net income per share           27,514       26,662       27,324       26,386
                                ========     ========     ========     =========

See accompanying notes to condensed consolidated financial statements.

                                       3.

<PAGE>


                          ELECTRONICS FOR IMAGING, INC.
                      CONDENSED CONSOLIDATED BALANCE SHEETS
               (In thousands, except share and per share amounts)
                                   (Unaudited)



                                                     September 30,  December 31,
                                                         1996            1995
                                                        -------        ---------
ASSETS
Current assets:
   Cash and cash equivalents                            $ 39,328        $ 46,006
   Short-term investments                                141,483          98,012
   Accounts receivable                                    39,602          27,588
   Inventories                                            13,446           7,809
   Other current assets                                   16,452           8,173
                                                        --------        --------
     Total current assets                                250,311         187,588
                                                                     
Property and equipment, net                               10,238           5,469
Other assets                                               1,617           1,412
                                                        --------        --------
     Total assets                                       $262,166        $194,469
                                                        ========        ========
                                                                     
LIABILITIES AND STOCKHOLDERS' EQUITY                                 
Current liabilities:                                                 
   Accounts payable                                     $ 14,448        $ 10,630
   Accrued and other liabilities                          19,980          12,023
   Income taxes payable                                   17,088           7,876
                                                        --------        --------
     Total current liabilities                            51,516          30,529
                                                        --------        --------
Stockholders' equity:                                                
   Preferred Stock, $.01 par value, 5,000,000 shares                            
     authorized; none issued and outstanding                --              --
   Common Stock, $.01 par value, 150,000,000 shares                  
      authorized; 25,507,352 and 24,971,350 shares                   
      issued and outstanding, respectively                   255             250
   Additional paid-in capital                             94,333          89,679
   Retained earnings                                     116,062          74,011
                                                        --------        --------
     Total stockholders' equity                          210,650         163,940
                                                        --------        --------
     Total liabilities and stockholders' equity         $262,166        $194,469
                                                        ========        ========

See accompanying notes to condensed consolidated financial statements.

                                       4.

<PAGE>


                          ELECTRONICS FOR IMAGING, INC.
                 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                                 (In thousands)
                                   (Unaudited)

                                                 Nine Months Ended September 30,
                                                 -------------------------------
                                                         1996            1995
                                                      --------         ---------
Cash flows from operating activities:
   Net income                                         $ 42,051         $ 25,182
                                                      
   Adjustments to  reconcile net  income  to net
    cash  provided  by  operating activities:
       Depreciation and amortization                    2,702              1,992
       Changes in operating assets and liabilities:
         Accounts receivable                          (12,014)          (15,023)
         Inventories                                   (5,637)            1,893
         Other current assets                          (8,279)             (790)
         Accounts payable and accrued liabilities      11,775               759
         Income taxes payable                           9,212             4,461
                                                      --------         ---------

           Net cash provided by operating activities   39,810            18,474
                                                      --------         ---------
Cash flows from investing activities:
   Purchase of short-term investments                (160,392)          (99,715)
   Sales and maturities of short-term investments     116,921            83,047
   Purchases of property and equipment, net            (7,471)           (2,990)
   Other assets                                          (205)               36
                                                      --------         ---------
           Net cash used for investing activities     (51,147)          (19,622)
                                                      --------         ---------
Cash flows from financing activities:
   Issuance of common stock related to stock plans      4,659             4,710
                                                      --------         ---------
           Net cash provided by financing activities    4,659             4,710
                                                      --------         ---------
Net change in cash and cash equivalents                (6,678)            3,562

Cash and cash equivalents at beginning of period       46,006            30,219
                                                      --------         ---------
Cash and cash equivalents at end of period           $ 39,328          $ 33,781
                                                     =========         =========
Supplemental disclosure - cash paid
 for income taxes                                    $ 14,286          $  9,619
                                                     =========         =========
                                       
See accompanying notes to condensed consolidated financial statements.

                                       5.

<PAGE>


                          ELECTRONICS FOR IMAGING, INC.

              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                                 (In thousands)
                                   (Unaudited)



1.       Basis of Presentation

         The unaudited interim condensed  consolidated  financial  statements of
         Electronics  for Imaging,  Inc. (the Company) as of and for the interim
         periods  ended  September 30, 1996 have been prepared on the same basis
         as the audited consolidated financial statements as of and for the year
         ended  December 31, 1995,  contained in the Company's  Annual Report to
         Stockholders,   and,  in  the  opinion  of   management,   include  all
         adjustments (consisting only of normal recurring adjustments) necessary
         to present fairly the financial position of the Company and the results
         of its operations and cash flows, in accordance with generally accepted
         accounting  principles.  The interim condensed  consolidated  financial
         statements should be read in conjunction with the audited  consolidated
         financial statements and notes thereto referred to above.

         The  preparation  of  the  interim  condensed   consolidated  financial
         statements in conformity with generally accepted accounting  principles
         for such financial statements requires management to make estimates and
         assumptions  that affect the reported amounts of assets and liabilities
         and disclosure of contingent  assets and  liabilities as of the date of
         the  interim  condensed   consolidated  financial  statements  and  the
         reported  amounts of revenue and expenses during the reporting  period.
         Actual results could differ from these estimates.

         The interim  results of the Company  are subject to  fluctuation.  As a
         result,  the Company believes the results of operations for the interim
         periods ended September 30, 1996 are not necessarily  indicative of the
         results to be expected for any other interim period or the full year.


2.       Stock Split

         The Company effected on November 30, 1995, a two-for-one stock split in
         the form of a stock dividend  payable to  stockholders  of record as of
         November  20,  1995.  All  references  in  the  condensed  consolidated
         financial  statements to weighted average numbers of shares outstanding
         and per share amounts have been restated to reflect the stock split.


3.       Inventory Composition
                                          September 30,             December 31,
                                             1996                      1995
                                           -----------              ------------
         Raw materials                     $  6,504                  $ 3,971
         Work-in-process                      5,932                    3,734
         Finished goods                       1,010                      104
                                           --------                  -------

                                           $ 13,446                  $ 7,809
                                           ========                  =======


                                       6.


<PAGE>



 
    ITEM 2.    MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL 
                CONDITION AND RESULTS OF OPERATIONS


The following  discussion and analysis  should be read in  conjunction  with the
audited consolidated  financial statements of Electronics for Imaging, Inc. (the
Company) and related notes thereto contained in the Company's 1995 Annual Report
to  Stockholders.  All  assumptions,  anticipations,  expectations and forecasts
contained  herein  are   forward-looking   statements  that  involve  risks  and
uncertainties.  The Company's actual results could differ  materially from those
discussed here. For a more complete discussion of factors which might impact the
Company's results, please see the section entitled "Factors that Could Adversely
Affect  Performance"  below  and the  section  entitled  "Risk  Factors"  in the
Company's  1995 Annual  Report on Form 10-K,  as filed with the  Securities  and
Exchange  Commission.  The Company  periodically  reviews such factors to ensure
their appropriateness.

Results of Operations

Revenue

The Company's  revenue was $75.1 million in the third quarter of 1996,  compared
to $48.5  million in the  corresponding  quarter of 1995.  Revenue  for the nine
months ended September 30, 1996 was $207.8  million,  compared to $133.7 million
in the corresponding  period of 1995. The substantial  majority of the Company's
revenue to date is attributable to the sale of Fiery and Fiery XJ Color Servers.
The increase in revenue reflects  continued  market  acceptance of the Company's
Fiery XJ Color Server and Fiery XJe  Controller  products,  the expansion of the
Company's  sales and marketing  organizations,  and  increased  revenue from the
Company's OEM sales channels due to the above-mentioned market acceptance and an
increase in the number of the Company's OEM partners.  Substantially  all of the
Company's  sales in the third quarter of 1996 and 1995 were to its OEM partners.
No  assurance  can be given  that the  Company's  relationships  with  these OEM
partners  will  continue;  in the  event  that  any  of  such  relationships  is
discontinued or scaled back, the Company could experience a significant negative
impact on its consolidated financial position and results of operations.

The Company completed in the fourth quarter of 1995 an agreement with Canon Inc.
for the  purchase  of Fiery XJ  Color  Servers.  The  agreement  provides  Canon
exclusive  distribution  rights for Fiery XJ Color Servers  designed for Canon's
proprietary  color  copiers.  The agreement  effectively  replaced the Company's
existing  distribution  channel through the Canon dealer and distributor network
beginning  in April 1995 with  shipments to Canon under the terms of a letter of
intent preceding the agreement.  This arrangement has resulted to some extent in
lower  associated  selling and marketing costs. The Company sells Fiery XJ Color
Server   products  to  each  of  its  significant  OEM  partners  under  similar
agreements.

The Company  completed  agreements  in the first  quarter of 1996 with Canon and
Digital  Equipment  Corporation,  and in the  second  quarter  of 1996  with IBM
Corporation,  under which these  companies  are  producing  desktop  color laser
printers using the Company's Fiery XJe  Controller.  The Fiery XJe Controller is
an embedded controller which, when combined with a specified color laser engine,
results in a desktop color laser printer with superior speed and output quality.

                                       7.

<PAGE>

International  revenue  continued to grow in the third quarter of 1996,  and was
affected by sales mix and certain OEM product  requirements.  Direct  sales into
Japan accounted for approximately 23% and 13% of revenue in the third quarter of
1996 and 1995,  respectively.  This increase is partly due to a greater level of
purchases  by the  Company's  OEM  partners of Fiery XJ  products  and is also a
result of sales of Fiery XJe  product  to Canon in Japan.  Sales into Japan were
23% and 15% of revenue for the nine months  ended  September  30, 1996 and 1995,
respectively.  Sales into  Europe  accounted  for  approximately  28% and 29% of
revenue in the third quarter of 1996 and 1995, respectively,  and 24% and 29% of
revenue for the nine months  ended  September  30, 1996 and 1995,  respectively.
Further, shipments to some of the Company's OEM partners are made to centralized
purchasing  and  manufacturing  locations  which in turn sell through to foreign
locations.  As a result of these factors, the Company believes that sales of its
products into Europe and Japan may actually be higher,  though  accurate data is
difficult  to obtain.  The  Company  expects  that  international  revenue  will
continue to represent a significant portion of its total revenue.

Cost of Revenue

The  substantial  majority  of the  Company's  cost of  revenue to date has been
attributable  to the sale of Fiery  and Fiery XJ Color  Servers.  Fiery XJ Color
Servers are manufactured by third-party  manufacturers  who purchase most of the
necessary  components.  The Company sources directly  proprietary memory and CPU
subsystems,  and software  licensed from various sources,  including  PostScript
interpreter  software,  which the Company licenses from Adobe Systems,  Inc. The
Company's  gross margin was 51.5% in the third quarter of 1996, up from 50.0% in
the corresponding  quarter of 1995. Overall gross margin in the third quarter of
1996 continued to be supported by low market prices for DRAM  components used in
the Company's products.  Further, gross margin was favorably impacted by the mix
of products sold. The Company's gross margin was 49.8% for the nine months ended
September 30, 1996, unchanged from the corresponding period of 1995.

The  Company's  gross  margin  depends in part on prices it is able to attain on
Fiery XJ Color Servers,  Fiery XJe  Controllers and future  products.  The lower
manufacturing  costs of the Fiery XJ Color Server  models have given the Company
flexibility to offer products with a broad range of prices. In addition,  as the
Company  continues to introduce new Fiery XJ products,  it may continue to lower
prices on existing  products.  The Fiery XJe  Controller  will  continue to have
lower  margins than the  Company's  other  products,  reflecting  the  different
distribution and marketing  practices employed for desktop color laser printers.
Accordingly,  if the Fiery XJe Controller  increases as a percentage of revenue,
the  Company's  overall  gross  margin is expected to decline,  all other things
being equal. In general,  gross margin will continue to be impacted by a variety
of  factors  including,  among  others,  the  availability  and  pricing  of key
components  (including  DRAMs and  PostScript  interpreter  software),  product,
channel and geographic mix, the success of the Company's product transitions and
new products, competition, and general economic conditions.

                                       8.

<PAGE>

Operating Expenses

Research  and  Development.   Expenses  for  research  and  development  consist
primarily of personnel  expenses and, to a lesser extent,  consulting  services,
costs of prototype  materials and  technology,  and  depreciation.  Research and
development  expenses  were $5.8 million or 7.7% of revenue in the third quarter
of 1996,  compared  to $3.2  million  or 6.7% of  revenue  in the  corresponding
quarter of 1995,  and $15.1 million or 7.2% for the nine months ended  September
30, 1996, compared to $9.0 million or 6.7% in the corresponding  period of 1995.
Research  and  development  expenses  increased  primarily  due to  purchases of
certain  technology  rights  and  incremental  costs  related  to the  number of
engineers  employed.  The Company  believes that the development of new products
and enhancement of existing products is essential to its continued success,  and
management intends to continue to devote  substantial  resources to research and
new product development.  Accordingly, the Company expects that its research and
development  expenses  may increase in absolute  dollars and possibly  also as a
percentage of revenue.

Sales and Marketing.  Such expenses include personnel  expenses,  tradeshows and
other promotional expenses,  sales commissions,  travel,  public relations,  and
depreciation  and facility  costs  associated  with sales  offices in the United
States,  Europe and Japan.  Sales and  marketing  expenses  were $7.7 million or
10.2% of revenue in the third quarter of 1996, compared to $5.4 million or 11.2%
of revenue in the  corresponding  quarter of 1995, and $20.5 million or 9.9% for
the nine months ended September 30, 1996,  compared to $16.9 million or 12.7% in
the corresponding  period of 1995. While sales and marketing  expenses decreased
as a percentage  of total  revenue,  such  expenses  have  increased in absolute
dollars due primarily to increases in employee  headcount and costs required for
the promotion and support of the Company's  products.  The decrease in sales and
marketing expenses as a percentage of revenue is due to the Company's  increased
sales to its OEM partners,  certain cost reductions resulting from the Company's
December  1995  agreement  with Canon,  and  continuing  cost control  measures,
including the  consolidation of certain  duplicative  European sales facilities.
The  Company  expects  that its sales and  marketing  expenses  may  increase in
absolute dollars and possibly also as a percentage of revenue as it continues to
actively  promote its products,  launch new Fiery XJ models and other  products,
and continue to build its worldwide sales and marketing organization.

General  and  Administrative.  Such  expenses  consist  primarily  of  personnel
expenses and, to a lesser  extent,  professional  fees,  expenses  required of a
public company,  and depreciation and facility costs. General and administrative
expenses  were $2.6  million or 3.5% of  revenue  in the third  quarter of 1996,
compared  to $1.8  million or 3.8% of revenue  in the  corresponding  quarter of
1995,  and $7.4  million or 3.6% for the nine months ended  September  30, 1996,
compared to $5.2 million or 3.9% in the  corresponding  period of 1995.  General
and administrative expenses increased primarily due to the addition of personnel
to support the Company's  operations and certain nonrecurring costs. The Company
expects  that its general and  administrative  expenses may increase in absolute
dollars and  possibly  also as a  percentage  of revenue in order to support any
growth in operations.

Income Taxes

The Company  accounts for income taxes in accordance with Statement of Financial
Accounting  Standards  No. 109,  Accounting  for Income  Taxes,  for all periods
presented.  The Company's  effective tax rate was 36.0% for the third quarter of
1996 and 1995. In each period the Company  benefited from  increased  tax-exempt
interest  income,  increases  in  foreign  sales  and  to a  lesser  extent  the
utilization  of research and  development  credits in  achieving a  consolidated
effective  tax  rate  lower  than  that  prescribed  by  the  respective  taxing
authorities. The Company anticipates that these benefits will continue to have a
favorable impact on the Company's consolidated effective tax rate.

                                       9.

<PAGE>

Liquidity and Capital Resources

Cash, cash equivalents and short-term investments increased to $180.8 million as
of September 30, 1996, up from $144.0  million as of December 31, 1995.  Working
capital  increased to $198.8  million as of September  30, 1996,  up from $157.1
million as of December 31, 1995.  Net cash provided by operating  activities was
$39.8 million and $18.5 million for the nine-month  periods ended  September 30,
1996 and 1995,  respectively,  primarily as a result of profitable operations in
both  periods.  The  Company  purchased  approximately  $7.5  million of capital
equipment and furniture  during the nine month period ended  September 30, 1996,
compared to purchases of $3.0 million in the corresponding period of 1995.

The Company  believes  that its existing  capital  resources  together with cash
generated from  continuing  operations will be sufficient to fund its operations
and meet capital requirements through at least 1997.

Factors That Could Adversely Affect Performance

The following may impact the Company's future performance and financial results:

Product Transitions.  Delays in the launch or availability of new product models
could  have an  adverse  effect  on the  Company's  financial  results.  Product
transitions  also carry the risk that  customers will delay or cancel orders for
existing models pending  shipments of new models.  If the Company is not able to
successfully   manage  future  product   transitions  or  cannot  guarantee  the
availability of products, its results of operations could be adversely affected.

New Product  Introductions.  The Company  continues to look at  opportunities to
develop product lines distinct from the Fiery XJ Color Server. Such new products
may require the investment of capital for the  development  of new  distribution
and  marketing  channels,  at an unknown  cost to the  Company.  There can be no
guarantee that the Company would be successful the  development of such channels
or that any new products will gain market acceptance.  Further, new products may
directly impact the sales of the Company's Fiery XJ products.  If the Company is
not able to successfully manage the introduction of new products, its results of
operations could be adversely affected.

Competition.  The Company has seen  competition in the market from companies and
products that provide similar  functionality  and believes that such competition
will continue and may intensify. There can be no assurance that the Company will
be able to continue to  successfully  compete against other  companies'  product
offerings.

Fiery XJe. The Company is currently  selling the Fiery XJe  Controller to Canon,
IBM and Digital under OEM agreements. No assurance can be given that the Company
will  continue  to  recognize  significant  revenue  from such sales or that the
Company  will be  successful  in  further  marketing  this  product to other OEM
partners or other parties.

Reliance  on OEM  Partners.  No  assurance  can be given that the  Company  will
continue to supply  products to each of its current OEM  partners.  In the event
that an OEM partner  discontinues  or reduces its level of purchases of Fiery XJ
Color Servers, the Company would experience a significant negative impact on its
consolidated financial position and results of operations.

                                      10.

<PAGE>

Fluctuations  in  Operating  Results.  Operating  results may  fluctuate  due to
factors  such as demand for the  Company's  products,  success and timing of the
introduction  of  new  products,   price  reductions  by  the  Company  and  its
competitors, delay, cancellation or rescheduling of orders, product performance,
seasonal  purchasing  patterns of its OEM partners,  performance  of third-party
manufacturers,  product inventory levels, availability of key components for the
Company's  products,  the  status of the  Company's  relationships  with its OEM
partners and Adobe,  among others,  the Company's  ability to develop and market
new products, the timing and amount of sales and marketing expenditures, and the
general demand for color copiers and color laser printers.

Limited Backlog. The Company typically does not obtain long-term volume purchase
contracts from its customers, and a substantial portion of the Company's backlog
is scheduled  for delivery  within 90 days or less.  Customers may cancel orders
and change volume levels or delivery times without penalty.  Quarterly sales and
operating  results  therefore  depend on the volume and timing of the backlog as
well as bookings  received  during the  quarter.  A  significant  portion of the
Company's  operating  expenses  are fixed,  and planned  expenditures  are based
primarily on sales forecasts and product development  programs.  If sales do not
meet the  Company's  expectations  in any given  period,  the adverse  impact on
operating  results  may  be  magnified  by the  Company's  inability  to  adjust
operating  expenses  sufficiently  or quickly  enough to  compensate  for such a
shortfall.

Volatility of Stock Price. Due to various factors,  including those noted above,
the  Company's  future  earnings  and stock price may be subject to  significant
volatility,  particularly  on a quarterly  basis.  Any  shortfall  in revenue or
earnings from levels expected by securities analysts could have an immediate and
significant adverse effect on the trading price of the Company's common stock in
any given period. The Company  participates in a highly dynamic industry,  which
often results in significant volatility for the Company's common stock price.

                                      11.


<PAGE>



P
ART II           OTHER INFORMATION



     ITEMS 1 - 5.

There is no applicable  information  to report under Part II, Items 1 - 5 during
the period covered by this report.



     ITEM 6.          EXHIBITS AND REPORTS ON FORM 8-K

         (a)          Exhibits
                      Exhibits and Reports on Form 8-K ................. Page 13

         (b)          Reports on Form 8-K
                      No reports on Form 8-K were  filed by the  Company  during
                      the three-month period ended September 30, 1996.

                                      12.



<PAGE>


<TABLE>
                                                                    EXHIBIT 11.1

                          ELECTRONICS FOR IMAGING, INC.
               STATEMENT RE COMPUTATION OF PER SHARE EARNINGS(1)
                      (In thousands, except per share data)
                                   (Unaudited)


<CAPTION>
                                                        Three Months Ended               Nine Months Ended
                                                          September 30,                    September 30,
                                                  -------------------------------  ---------------------------------
                                                       1996            1995              1996            1995
                                                  -------------   ---------------  ---------------  ----------------


<S>                                               <C>             <C>               <C>              <C>    
Net income for purposes of computing
     net income per share                         $      15,553   $        9,721     $      42,051   $       25,182
                                                  =============   ==============     =============   ==============


Weighted average common shares outstanding               25,434           24,816            25,256           24,491


Weighted common equivalent shares
     from options(3)                                      2,080            1,846             2,068            1,895
                                                  -------------   --------------     -------------   --------------


         Weighted average common shares
         and equivalents                                 27,514           26,662            27,324           26,386
                                                  =============   ==============     =============   ==============


Net income per share                              $        0.57   $         0.36     $        1.54   $         0.95
                                                  =============   ==============     =============   ==============


<FN>
(1)    This Exhibit should be read in  conjunction  with "Summary of Significant
       Accounting  Policies  - Net  Income  per  Share"  in Note 1 of  Notes  to
       Consolidated Financial Statements, contained in the Company's 1995 Annual
       Report to Stockholders.


(2)    All per share data and shares used in computing net income per share have
       been restated to reflect the Company's  two-for-one stock split. See Note
       2 of Notes to Condensed Consolidated Financial Statements.


(3)    Computed using the treasury stock method.  The difference between primary
       net  income  per share  and fully  diluted  net  income  per share is not
       significant.
</FN>
</TABLE>

                                       13.



<PAGE>



                                   SIGNATURES

         Pursuant to the  requirements  of the Securities  Exchange Act of 1934,
the  registrant  has duly  caused  this report to be signed on its behalf by the
undersigned, thereunto duly authorized.



                                          ELECTRONICS FOR IMAGING, INC.

Date:  November 8, 1996


                                          By /s/  Dan Avida
                                          -------------------------------------
                                          Dan Avida
                                          President and Chief Executive Officer
                                          and Acting Principal Financial Officer



                                          By /s/  Eric Saltzman
                                          -------------------------------------
                                          Eric Saltzman
                                          Vice President, Strategic Relations
                                          and Duly Authorized Officer


                                      14.







<TABLE> <S> <C>


<ARTICLE>                     5
<LEGEND>                      THE SCHEDULE CONTAINS SUMMARY FINANCIAL
                              INFORMATION EXTRACTED FROM THE
                              ANNUAL REPORT AND 10-K OF ELECTRONICS
                              FOR IMAGING INC., AS OF AND FOR THE
                              YEAR ENDED DECEMBER 31, 1995 AND IS
                              QUALIFIED IN ITS ENTIRETY BY REFERENCE
                              TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER>                     1,000
       
<S>                             <C>
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>               DEC-31-1996
<PERIOD-START>                  JUL-01-1996
<PERIOD-END>                    SEP-30-1996
<CASH>                               39,328
<SECURITIES>                        141,483
<RECEIVABLES>                        39,602
<ALLOWANCES>                              0
<INVENTORY>                          13,446
<CURRENT-ASSETS>                    250,311
<PP&E>                               22,864
<DEPRECIATION>                       12,626
<TOTAL-ASSETS>                      262,166
<CURRENT-LIABILITIES>                51,516
<BONDS>                                   0
<COMMON>                             94,588
<PREFERRED-MANDATORY>                     0
<PREFERRED>                               0
<OTHER-SE>                          116,062
<TOTAL-LIABILITY-AND-EQUITY>        262,166
<SALES>                              75,121
<TOTAL-REVENUES>                     75,121
<CGS>                                36,422
<TOTAL-COSTS>                        36,422
<OTHER-EXPENSES>                     16,135
<LOSS-PROVISION>                          0
<INTEREST-EXPENSE>                   (1,738)
<INCOME-PRETAX>                      24,302
<INCOME-TAX>                          8,749
<INCOME-CONTINUING>                  15,553
<DISCONTINUED>                            0
<EXTRAORDINARY>                           0
<CHANGES>                                 0
<NET-INCOME>                         15,553
<EPS-PRIMARY>                          0.57
<EPS-DILUTED>                          0.57
        


</TABLE>