Résultats financiers de National Instruments au premier trimestre
30/04/2008Le premier trimestre s'achève avec un CA de 193 M$ (+12,4% par rapport au premier trimestre de 2007), un bénéfice net de 17,6 M$ et des progressions significatives sur les lignes de produits suivantes : logiciels, acquisition de données via USB, E/S distribuées, PXI et instrumentation RF.
National Instruments (Nasdaq: NATI) reported quarterly revenue of $193 million, up 12.4 percent year-over-year. This compares to NI’s guidance of between $182 million and $196 million. Net income for Q1 2008 was $17.6 million with diluted earnings per share (EPS) of $0.22.
Non-GAAP net income was $22.0 million with fully diluted EPS of $0.28 at the midpoint of NI’s guidance. The company’s non-GAAP results exclude the impact of both stock-based compensation and the amortization of acquisition-related intangibles. Reconciliations of the company’s GAAP and non-GAAP results are included as part of this news release.
“We saw strong growth in several key areas of the business, resulting from investments in system-level products, such as our PXI and CompactRIO platforms,” said Dr. James Truchard, NI president and CEO. “Large system sales continued to drive revenue growth in Q1 with orders over $20,000 up 34 percent from a year ago. I believe our investments in R&D and our field sales force are important drivers to continuing this trend.”
NI virtual instrumentation and graphical system design products, which represents over 90 percent of the company’s product portfolio, had 15 percent year-over-year revenue growth in Q1 2008. This represents another quarter of double-digit year-over-year revenue growth from these products and underscores the company’s strategy of strong investment in R&D and expanding its field sales force to drive new product success.
Sales of NI instrument control products, which now represent approximately 9 percent of NI revenue, were down 5 percent year-over-year in Q1 2008. This decline is in line with the weakness of the global PMI in Q1 and the company’s guidance given in January 2008.
“I am pleased with the continued growth of the company in a tough environment for our industry,” said Alex Davern, NI CFO. “We believe our strong product portfolio in addition to the growth of our field sales force will position us well for the eventual recovery in the industrial economy.”
Geographically, revenue in U.S. dollar terms for Q1 2008 compared to Q1 2007 was up 7 percent in the Americas, up 14 percent in Europe and up 20 percent in Asia, equaling overall growth of 12.4 percent. In local currency terms, revenue was up 3 percent in Europe and 15 percent in Asia.
