National Instruments sees revenue, profit jump; Workstreamer gets $3.5 million infusion from Austin Ventures
National Instruments Corp. said sales rose 39 percent from a year ago to set a new record for the Austin-based company’s second quarter. Profits more than quintupled.
The company, which makes hardware and software for commercial and research purposes, recorded revenue of $211.7 million and profit of $24.6 million, or 31 cents a share. Those totals compare with revenue of $152.2 million and profit of $4.4 million during the same period last year.
National Instruments said it expects continued strong revenue growth for the current quarter.
John Graff, vice president of Americas sales and marketing, said the company is seeing the results of its investment in product development and its sales force during the past two years while the U.S. economy was sliding into recession. Those investments, Graff said, helped the company rebound quickly when the economy regained strength.
“We believe those investments continue to position us well for the future,” Graff said.