National Instruments Reports Record Revenue and Strong Earnings Growth | Automation.com

National Instruments Reports Record Revenue and Strong Earnings Growth

October 272005
AUSTIN, Texas - Oct. 2005 - National Instruments (NASDAQ: NATI) reported third quarter revenue of $142 million, an increase of 13 percent compared to the third quarter of 2004. This represents the highest quarterly revenue in the company's history, fueled by new product revenue and record revenue from strategic PXI and modular instruments platforms. GAAP fully diluted earnings per share (EPS) for Q3 were $0.18 with GAAP net income of $14.4 million, up 81 percent from Q3 2004.

The company also announced a quarterly dividend of $0.05 per share on its common stock payable on Nov. 28, 2005, to shareholders of record on Nov. 7, 2005. As of Sept. 30, 2005, the company had $181 million of cash and short-term investments.

"Our investment in R&D continued to help drive virtual instrumentation into higher performance measurements and industrial control applications," said Dr. James Truchard, NI president and CEO. "LabVIEW 8, a significant upgrade to our flagship software product, will further support our expansion in test, design and control, especially in large applications and distributed systems. Now LabVIEW users can design, distribute and synchronize intelligent systems in real time."

To view the news release and charts outlining results for the quarter, please visit: www.ni.com/nati/news/

For more information, Submit NI Info Request Form or visit their web site at www.ni.com.
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