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NI Q4 Preliminary Revenue $202 Million

Published: 05 January 2009
 by Staff
AUSTIN, TX – National Instruments (NI) has reported a fourth-quarter preliminary revenue estimate of $202 million. This is a 1% year-over-year decline. The company is forecasting approximately $820 million in revenue for the year, an 11% increase year-over-year.
 
As a result in the global PMI index for October and November, NI dropped its revenue guidance by 2%. December revenue did not meet expectations due to the year-end pause in purchasing. “While we believe the industry experienced a significant contraction in the fourth quarter, the diversity of our business and the solid execution of our sales force allowed us to gain market share,” explains James Truchard, president and CEO. 
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