NI announces year-over-year increase

Software developer National Instruments has reported first-quarter revenue of $191m (£124m), representing a 21 per cent year-over-year increase and a five per cent sequential decline.

Net income was $18.4m, with GAAP fully diluted earnings per share (EPS) of $0.23, matching a first-quarter record set in 2007.

Non-GAAP net income was $22m, with non-GAAP fully diluted EPS of $0.28, matching a first-quarter record set in 2008.