Na­tional In­stru­ments sees rev­enue, profit jump; Work­streamer gets $3.5 mil­lion in­fu­sion from Austin Ven­tures

Austin American-Statesman - - BUSINESS & PERSONAL FINANCE -

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.

John Graff

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