National Instruments reported sales of $300 million in its first quarter, up 5 percent from the previous year.
The Austin-based company also reported a profit of $18.1 million, or 14 cents a share, nearly doubling the company’s earnings from last year. When adjusted for certain one-time costs and gains, National Instruments says their profit was $27 million, or 21 cents a share.
The company said revenue from its largest customer declined by $1 million in the first quarter. But when excluding the impact of that largest customer, National Instruments said their orders grew by 9 percent.
“Our growth has come from an improving industrial economy and a sharp focus on key growth areas within our markets,” said National Instruments CEO Alex Davern in a written statement.
National Instruments employs about 2,500 in Austin and 7,500 worldwide. The company makes testing equipment and software used by scientists, engineers and researchers.
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