AUSTIN, TX – National Instruments reported first quarter revenue of $312 million, up 4% year-over-year.

GAAP net income was $24.3 million, an increase of 33.7% compared to the first quarter of 2017. Operating income was $28.1 million, up 26.1%.

The value of the company's total orders was up 5% year-over-year.

"I am pleased with the strong software revenue growth this quarter,” said Alex Davern, NI president and CEO. “We believe our software-based platform is our most critical differentiator, and its continued growth signals strength in our market position. I am also encouraged by the strong performance of our broad-based data acquisition portfolio. These products provide measurement capabilities to systems across many applications and industries, which has long been a strength of NI."

Geographic revenue in US dollars for the first quarter was up 1% in the Americas, flat in APAC, and up 11% in EMEIA compared to the same period last year.

As of Mar. 31, NI had $415 million in cash and short-term investments.

NI currently expects second quarter revenue in the range of $320 million to $350 million.

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