National Instruments Reports Quarterly Revenue of $164 Million

National Instruments reported record revenue in third quarter 2006 of $164 million, a 16 percent increase over third quarter 2005. Geographically, the growth of revenue in US dollar terms for third quarter 2006 compared to third quarter 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.

"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 Dr. James Truchard, NI president and CEO.

NI continues to have a strong balance sheet, with $223 million in net cash and short-term investments as of Sept. 30, 2006.

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