National Instruments announces Q3 record revenue of $290m

Share this on social media:

National Instruments has announced Q3 revenue of $290 million, a third quarter revenue record and a 7 per cent increase from Q3 2011 on a non-GAAP basis. In constant currency terms, Q3 revenue increased 11 per cent from Q3 2011. Backlog decreased by $11 million during the quarter. In Q3, the company's orders greater than $20,000 grew 11 per cent year-over-year and average order size reached approximately $4,900. The company's orders less than $20,000 decreased by 4 per cent year-over-year, reflecting the significant decline in the Global PMI in Q3.

EBITDA, or Earnings Before Interest, Taxes, Depreciation and Amortisation, was $43 million, or $0.35 per share for Q3 2012. GAAP net income for Q3 was $24 million, with fully diluted earnings per share (EPS) of $0.20, and non-GAAP net income was $32 million, with non-GAAP fully diluted EPS of $0.26.

‘We are pleased with our ability to increase our Q3 non-GAAP operating margin over last year,’ said Alex Davern, NI CFO. ‘With that said, we expect the industrial economy to remain very weak into 2013, and we will continue to focus on carefully managing expenses.’

NI expects revenue for Q4 2012 to be between $265 million and $295 million.

Recent News

26 November 2020

The partnership between the European Machine Vision Association and the European Photonics Industry Consortium will bring together their respective members

17 November 2020

HD Vision Systems was founded in 2017 and is now conducting a number of pilot projects with its Lumiscan camera

12 November 2020

The firm generated €77.4m so far this year; third quarter revenue was €25.2m, 10 per cent above the previous quarter

10 November 2020

Ernst Rauscher founded vision firm Rauscher in Munich, Germany in 1984. He was one of the pioneers of the vision industry