AUSTIN, TX -- National Instruments today announced record fourth-quarter revenue of $333 million, up 11% year-over-year.
Net profit was up 37% to $43.4 million for the period ended Dec. 31. Orders for the period were up 13% the software company added. Gross margin was 75%, up 10 basis points from a year ago.
Sales were up 5% in the Americas, up 8% in Europe, up 24% in East Asia and up 11% in emerging markets.
For the year, NI also set a revenue mark of $1.24 billion, up 6% year-over-year. GAAP net income was $126.3 million, up 57% from 2013.
“2014 was a year of great progress for NI. We delivered a strong finish to the year with record revenue, record profit and record cash,” said Alex Davern, NI COO and CFO. “Though we are cautious given the macroeconomic environment, we remain focused on leveraging our previous investments to drive sustained revenue growth.”
The company expects first-quarter revenue in the range of $280 million to $310 million, a 4% increase at the midpoint versus a year ago. Revenue growth will be hampered by the strengthening of the US dollar, which NI said would reduce growth by approximately 500 basis points in the current quarter.