AUSTIN, TX -- National Instruments today announced second-quarter revenue of $313 million, up 6% year-over-year.

Net income rose 77.1% to $24.5 million for the period. Gross margin was 74%, up 210 basis points from last year. Operating marging was 10%.

Backlogs increased by $5 million and deferred revenue increased by $5 million from the first quarter.

Orders under $20,000 grew 4% year-over-year; orders between $20,000 and $100,000 increased 6% year-over-year; and orders above $100,000 increased 43% year-over-year. 

"I am pleased to see our platform-based approach advancing our leadership position in test and measurement and industrial applications,” said Dr. James Truchard, NI president, CEO and cofounder. “I am optimistic about our longterm position in the industry. The differentiation we deliver to our customers through graphical system design positions us well to solve the applications our customers face in areas such as the Internet of Things.”

Revenue, in US dollars, was up 7% in the Americas, up 12% in Europe, down 1% in East Asia and up 4% in Emerging Markets. In local currency terms, revenue was up 7% percent in Europe, down 1% in East Asia and up 11% in Emerging Markets.

“While the Global PMI declined slightly in Q2, the improvement in June gives us increased confidence in our ability to continue to deliver revenue growth in Q3,” said Alex Davern, NI COO and CFO. “This confidence and our commitment to deliver on our leverage plan leads us to expect improved year-over-year operating performance in Q3.”

NI guided for September period revenue of $298 million to $326 million, up 8% year-over-year at the midpoint.

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