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NI sees revenue growth of 11%

Posted: 06 Jan 2009     Print Version  Bookmark and Share

Keywords:revenue  R&D investments  contraction  sales expansion 

National Instruments Corp. (NI) is expecting to report Q4 2008 revenue of Rs.1,010.74 crore ($202 million), down 1 per cent from the Q4 of 2007 and off 1 per cent of the company's low-end guidance provided on Dec. 4.

For the full year 2008, the Texas-based company said it expects to report revenue of approximately Rs.4,102.98 crore ($820 million), an 11 per cent increase over 2007. This would be the sixth consecutive annual record revenue for the company, it said.

NI currently expects that GAAP fully diluted earnings per share (EPS) will be in the range of 23 to 24 cents per share for the fourth quarter, with non-GAAP fully diluted earnings of 29 to 30 cents per share, the company said.

"While we believe the industry experienced a significant contraction in Q4, the diversity of our business and the solid execution of our sales force allowed us to gain market share," said James Truchard, NI president, co- founder and CEO, in a statement.

Alex Davern, NI's chief financial officer, said the company plans to sustain strategic R&D investments and continue a moderated field sales expansion while stringently managing expenses in 2009.

"As a result the rate of growth in our operating expenses in 2009 will be significant lower than in 2008," Davern said.

NI said it would provide more detailed guidance and final fourth quarter numbers on a previously scheduled conference call Jan. 29.

-Dylan McGrath
EE Times





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