Record Q3 revenue for National Instruments
National Instruments has announced Q3 revenue of $255million, a quarterly record and a 16% increase from Q3 2010.
Non-GAAP revenue for Q3 was $271m, up 23% from Q3 2010. In Q3, the company's orders greater than $20,000 grew 31% year on year, and the average order size reached a new all time record of approximately $4600. Net income for Q3 was $12.7m and non-GAAP net income was $31m.
"Over the last few years we have invested significantly in building out our capabilities to serve our larger customers, which enabled the significant progress we saw in Q3," said Dr James Truchard, NI's co founder, president and ceo, pictured. "This ability to grow our larger orders will be key to achieving our goal of $2billion in revenue by 2016."
NI expects revenue for Q4 to be between $280m and $300m, an increase of between 12 and 20% over Q4 2010.
