National Instruments has announced Q4 revenue of $250 million, which is a new quarterly revenue record and a 24 per cent increase compared to Q4 2009. Full-year 2010 revenue was $873 million, up 29 percent year-over-year.
Dr James Truchard, co-founder, president and CEO, states: "I am extremely pleased with the significant demand we saw for our products through 2010. I believe our long-term focus on innovation and our expanding product and services portfolio have created significant new opportunities for NI, and I believe our customers are seeing great value in our integrated platforms such as NI LabVIEW, PXI and CompactRIO."
NI virtual instrumentation and graphical system design product sales were up 24 per cent year-over-year. NI instrument control product sales were up 20 per cent year-over-year in Q4. Product revenue was $234 million, up 24 per cent year-over-year, and software maintenance revenue was $16 million, up 21 per cent year-over-year.
Geographically, revenue in US dollar terms for Q4 2010 compared to Q4 2009 was up 16 per cent in the Americas, up 24 per cent in Europe and up 37 per cent in Asia. In local currency terms, revenue was up 28 per cent in Europe and up 27 per cent in Asia.