National Instruments sees 17 per cent growth in 2011

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National Instruments has posted 2011 revenues of $1.02 billion, up 17 per cent year-over-year. The company’s turnover in Q4 was $278 million, an increase of 11 per cent year-over-year.

Annual GAAP net income was $94 million, with fully diluted GAAP EPS of $0.78, and annual non-GAAP net income was $130 million, with non-GAAP fully diluted EPS of $1.07.

‘While our strategic investments throughout 2011 have placed some pressure on short-term margins, we feel confident that they have positioned us for long-term growth,’ said Alex Davern, EVP, COO and CFO of National Instruments. ‘Our goals for 2012 are to leverage the investments we made in 2011 to drive sustained revenue growth and to continue to drive toward our long-term target of 18 per cent non-GAAP operating income.’

NI expects Q1 2012 year-over-year revenue growth, with non-GAAP revenue expected to be between $250 million and $270 million.

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