NI revenues edge ahead in Q1

30th April 2015

NI-Emerson

Mick Elliott

0 0

Orders above $100,000 rose 37 per cent year on year to buoy NI’s Q1 revenue. The company announced total Q1 revenue of $289 million, up 2 percent year over year in US dollar terms and up 8 percent YOY in constant currency terms. In Q1 2015, NI received $3 million in orders from its largest customer compared with $12 million in orders from this customer in Q1 2014.

Excluding NI's largest customer, the company's total orders were up 2 percent for the quarter with orders under $20,000 down 5 percent YOY; and orders between $20,000 and $100,000 down 4 percent YOY.

"While we continue to adapt to the impact of the U.S. dollar on our results, I am optimistic about our long-term position in the industry and our ability to continue to gain market share," said Dr. James Truchard, NI president, CEO and cofounder. "I am confident we are building the new product pipeline, channel and operational excellence necessary to drive the long-term growth and profitability of the company. I am particularly excited about our early success in 5G wireless, where our innovative technology platform is enabling researchers to prototype algorithms for next-generation wireless networks."

Net income for Q1 was $15 million.

Geographic revenue in U.S. dollar terms for Q1 2015 compared with Q1 2014 was up 3 percent in the Americas, down 4 percent in Europe, up 5 percent in East Asia and up 6 percent in Emerging Markets. In constant currency terms, revenue was up in all regions, with the Americas up 4 percent, Europe up 10 percent, East Asia up 7 percent and the Emerging Markets up 19 percent.