NI keeps eye on 'the long-term' with strong Q3 - 10/26/2012 - Electronics Weekly

NI keeps eye on 'the long-term' with strong Q3

This represented a 7% increase from Q3 2011 on a non-GAAP basis. In constant currency terms, Q3 revenue increased 11% from Q3 2011. "In tough economic climates, it takes discipline to balance the short-term demands of the business and our long-term objectives in building a company that is built to last," said Dr. James Truchard, co-founder, president and CEO. Sales increased by 3% in the Americas and in local currency terms, revenue was up 4% in Europe and up 29% in Asia. "We are pleased with our ability to increase our Q3 non-GAAP operating margin over last year," said Alex Davern, NI CFO. "With that said, we expect the industrial economy to remain very weak into 2013, and we will continue to focus on carefully managing expenses." NI expects revenue for Q4 2012 to be between $265m and $295m. A significant contributor to revenues was the application sale involving the use ...

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