AUSTIN, TXNational Instruments reported record revenue of $184.4 million in the third quarter, up 12.4% year-over-year.
Net income was $21.5 million, up 15% compared to last year. Operating margin and net margin were 13.3% and 11.7%, respectively.
Virtual instrumentation and graphical system design products, which constitute the vast majority of the company’s product portfolio, had 14.3% year-over-year revenue growth, NI said.
In contrast, sales of NI instrument control products, now representing less than 10% of the company’s revenue, were down 3% year-over-year, compared to an 8% decline in the second quarter.
Year to date, the company reported record revenue of $536 million, up 11.8% compared to the first nine months of 2006.
The company expects a record for revenue in the fourth quarter in the range of $200 million and $210 million.
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