NI Distributes $4.4 Million to Employees for Record Company Performance | Automation.com

NI Distributes $4.4 Million to Employees for Record Company Performance

February 052004
Feb. 5, 2004 -- National Instruments today distributed the second of two company performance bonus payments totaling $4.4 million for 2003 to its employees worldwide. NI distributed the first installment of the company performance bonus in the fourth quarter of 2003.

"With record revenue of $426 million, 9 percent growth and 9.5 percent operating profit, 2003 was a solid year for NI. This is a true testament to our employees and their spirit," said Dr. James Truchard, NI president and CEO. "Their hard work and commitment to delivering exceptional performance despite a challenging economic climate positions NI well for the future. We are pleased to reward their efforts."

Annually, all full-time and permanent part-time employees receive a percentage of their earned salaries as an incremental company performance bonus, which is based on the company’s revenue growth and operating profit. In 2003, the bonus percentage amounted to 2.95 percent of their salary.

About National Instruments
National Instruments (www.ni.com) is a technology pioneer and leader in virtual instrumentation -- a revolutionary concept that has changed the way engineers and scientists approach measurement and automation. Leveraging the PC and its related technologies, virtual instrumentation increases productivity and lowers costs for customers worldwide through easy-to-integrate software, such as the NI LabVIEW graphical development environment, and modular hardware, such as PXI modules for data acquisition, instrument control and machine vision. Headquartered in Austin, Texas, NI has more than 3,100 employees and direct operations in 40 countries. In 2003, the company sold products to more than 25,000 companies in 90 countries. For the past five years, FORTUNE magazine named NI one of the 100 best companies to work for in America.
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