NI's Profits Down in Q2 Print E-mail
Written by Mike Buetow   
Monday, 29 July 2013 13:54

AUSTIN, TX -- National Instruments reported second-quarter sales ticked up 1% from a year ago to $296 million. Net income was $14 million, down from $16.4 million in 2012.

For the quarter, gross margin decreased to 72% on lower factory utilization and the significantly lower margin on National Instruments' first RF test application with its largest customer. Total operating expenses were down $4 million sequentially and were up 4 percent year-over-year.

"Although the test and measurement industry had a challenging quarter, we were able to grow revenue while executing disciplined cost management," said Dr. James Truchard, co-founder, president and CEO. "Thanks to the efforts of our employees, we have seen accelerated growth in customer leads and opportunities for our strategic product platforms oriented around LabVIEW despite the fact that customer budgets are tight."

Revenue was down 1% in the Americas, up 2% in Europe, up 10% in East Asia and down 15% in Emerging Markets.

NI expects third-quarter revenue of $265 million to $295 million, a decrease of 3% year-over-year at the midpoint of guidance.

 

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