National Instruments has reported record revenue in Q3 2006 of $164 million, a 16 percent increase over Q3 2005
Geographically, the growth of revenue in US dollar terms for Q3 2006 compared to Q3 2005 was as follows: up 11 percent in the Americas, up 14 percent in Europe and up 30 percent in Asia, equaling overall growth of 16 percent.
In local currency terms, revenue was up 10 percent in Europe and up 28 percent in Asia, for an overall local currency growth of 14 percent.
For the first nine months of 2006, the company reported revenue growth of 16 percent in US dollar terms and 18 percent in local currency compared to the first nine months of 2005.
"I am pleased with our strong performance in the third quarter, driven by strong revenue growth in software and record revenue for many of our hardware products, including data acquisition, PXI, distributed I/O, machine vision and modular instruments," said James Truchard, NI president and CEO.
"We have continued to see a validation of our vision of graphical system design through customer success in test and embedded development.
"The introduction of Labview 8.20 builds on the success of Labview as a complete development platform to help engineers design, prototype and deploy their test, control and design applications."
