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National Instruments Achieves Record Annual Revenue

Published: 30 January 2009
 by Staff
AUSTIN, TX – National Instruments reported record annual revenue of $821 million, up 11% year-over-year. For the quarter ended December 31, revenue was $202 million, down 1% from $204.8 million from the previous quarter.  
 
Annual net income came in at $84.8 million, or $1.07 per share, compared to $107 million, or $1.32 per share, in 2007. Non-GAAP net income was reported at $103 million year-over-year.
 
Net income for the quarter was $19.3 million with EPS of $0.25. Non-GAAP net income was $24.2 million with EPS of $0.31.

NI has decreased its spending plan for 2009 by $30 million. It is budgeting for a 3% reduction in total non-GAAP operating expenses in 2009 and plans to continue with R&D investments.
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