National Instruments reports record quarterly revenue

Texas-based test equipment manufacturer National Instruments has announced fourth quarter results for 2010 that break records set in previous years.

Revenue for the quarter ending 31 December 2010 was $250m (£157m), up 24 per cent year-over-year and 13 per cent sequentially.

There was a GAAP gross margin of 77.5 per cent and a non-GAAP gross margin of 78.0 per cent, with both GAAP and non-GAAP operating income and net income reaching all-time records.

Cash and short-term investments totalled $351m and as of the end of 2010 the company had no debt.