National Instruments is reporting record quarterly revenue of $205million, up 13 per cent year-on-year, and the company’s best year-on-year revenue growth quarter for 2007.
Net income for Q4 2007 was a record $45.7million. For Q4 2007, operating margin and net margin were 15.2 per cent and 22.3 per cent, respectively.
NI CFO Alex Davern comments: “The company achieved another strong financial performance in 2007, with record revenue, record net income and very strong cash flow of $145million. Our revenue growth significantly outpaced the test and measurement market and allowed us to deliver strong operating leverage. Looking out to 2008, we see significant economic uncertainty and we will take a cautious approach to investments while accelerating the growth in our field sales resources in order to position the company well for the eventual recovery in the Global PMI."
NI virtual instrumentation and graphical system design products, which constitute the vast majority of the company’s product portfolio, had 14 per cent year-on-year revenue growth in Q4 2007. This represents another strong quarter of year-on-year revenue growth from these products and underscores the company’s strategy of continued strong investment in expanding its field sales resources to drive new product success.
Sales of NI instrument control products, which now represent approximately 9 per cent of NI revenue, were up 6 per cent year-on-year in Q4 2007.
Dr James Truchard, NI president and CEO, says: "With the success of our system-level platforms, we were able to deliver another record year in 2007, turning in the 30th year of revenue growth in the company’s 31-year history. One of the significant trends that emerged in 2007 was the intensified focus on green technology and environmentally-friendly design. I believe we are uniquely suited to benefit from this trend, as our products strengthen the ability of researchers to measure environmental conditions and arm designers with the tools to remedy them."
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