National Instruments sees European sales up 14% in Q4
National Instruments has reported flat year-on-year Q4 revenues of $301m.
Geographic revenue in US dollar terms for Q4 2013 compared to Q4 2012 was up 6% in the Americas and up 14% in Europe.
In local currency terms, revenue was up 11% in Europe, down 13% in East Asia and down 14% in emerging markets.
“In 2013, NI continued to advance our software-based approach for test and measurement and deliver our 35th year of growth despite weakness in the industry,” said Dr. James Truchard, NI president, CEO and co-founder.
“I am focused on developing our high-performance management team in our quest to reach our goal of $2bn in annual revenue.”
The company’s orders under $20,000 grew approximately 3% year-over-year; orders between $20,000 and $100,000 increased approximately 1% year-over-year; and orders above $100,000 decreased about 9% year-over-year.
GAAP net income for Q4 was $32m. GAAP gross margin increased to 75% in the quarter.