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National Instruments Corporation (NATI) is a pioneering entity in the field of engineering and scientific technology solutions, established in 1976. With a focus on accelerating productivity and fostering rapid innovation, NI provides powerful and flexible technology solutions that cater to a broad spectrum of industries including healthcare, automotive, consumer electronics, and particle physics. Headquartered in Austin, Texas, NI boasts approximately 6,400 employees and maintains direct operations in over 40 countries.
The company's integrated hardware and software platform is utilized by a diverse customer base of more than 35,000 companies worldwide. Prominent among NI's offerings is its off-the-shelf software, LabVIEW, and its modular, cost-effective hardware. NI's business model is robust, with no single industry accounting for more than 15 percent of its revenue, ensuring a balanced and diversified portfolio.
Recent achievements include significant advancements in their software and hardware capabilities, forging critical partnerships, and expanding their global reach. Financially, NI remains stable with consistent revenue streams from a wide range of sectors. The continuous innovation and commitment to solving major engineering challenges are key drivers of NI’s success.
For the latest updates and news about National Instruments Corporation, including performance, events, and other developments, visit our news section regularly.
NI (NASDAQ: NATI) has launched DataStudio, a design-to-test analytics software aimed at enhancing engineering data infrastructure. The software addresses the need for efficient product development by bridging data across semiconductor design and testing workflows. Its first application, Specification Compliance Manager (SCM), automates compliance reporting, offering insights into device specifications and improving productivity. Additionally, the DataStudio Bench Data Connector (BDC) library simplifies data integration for validation tests, facilitating better project visibility and decision-making for engineers.
NI (NASDAQ: NATI) has launched its latest Battery Test System (BTS) to enhance electric vehicle (EV) battery testing. This system aims to streamline testing workflows for Tier 1 suppliers and automakers by offering customization and automation, ultimately accelerating time to market. The BTS integrates power electronics, environmental chambers, and data analytics tools, facilitating coordination between design and testing teams. With its acquisitions, NI strengthens its global capabilities, ensuring scalability and efficiency in meeting current and future EV market demands.
NI (NASDAQ: NATI) announced the launch of a fleet of vehicles across Europe, the United States, and China for testing Advanced Driver Assistance Systems (ADAS). The vehicles, equipped with advanced data recording technologies from NI and Seagate Technology, aim to enhance the performance and safety validation of autonomous driving technology. This initiative addresses crucial challenges in data volume and quality. Collaborators include Konrad Technologies and VSI Labs, who will help improve data utilization for testing and validation purposes.
NI (Nasdaq: NATI) has completed the acquisition of Kratzer Automation AG's test systems business, boosting its portfolio in the electric vehicle (EV) sector. This strategic move enhances NI's capabilities in providing EV testing software and integrated systems, addressing the growing market demands fueled by consumer interest and regulatory changes. The combined offerings aim to expedite time to market and reduce testing costs for customers. NI's leadership in vehicle electrification testing is expected to strengthen, expanding its reach to automotive OEMs.
NI (NASDAQ: NATI) has been recognized by Newsweek as one of the Most Trustworthy Companies for 2022, ranking sixth among 26 technology firms. This distinction follows an independent survey of approximately 50,000 U.S. residents assessing companies based on customer, investor, and employee trust. CEO Eric Starkloff emphasized the importance of corporate responsibility. NI had previously been recognized as one of the Most Responsible Companies for 2022 due to its impactful corporate program. The Most Trustworthy Companies list features 400 U.S.-based firms with over $500 million in revenue.
National Instruments Corporation (Nasdaq: NATI) reported Q1 2022 revenue of $385 million, a 15% year-over-year increase, with record orders up 27% year-over-year. Orders rose 40% in the Americas, 22% in EMEA, and 17% in APAC. GAAP diluted EPS was $0.19, while non-GAAP diluted EPS reached $0.41. Management anticipates a 12% to 18% revenue growth for 2022 and aims for a 100 bps increase in non-GAAP operating margin annually through 2025. The company’s strategy focuses on high-growth areas, despite facing supply chain challenges.
Motorcar Parts of America (MPAA) announced that its subsidiary, D&V Electronics, received an order for an electric motor emulator from a major Chinese automotive company. This emulator is a vital part of a Power Hardware-In-the-Loop (p-HIL) test system, designed to validate drivetrain components. While financial terms remain undisclosed, this order reflects ongoing success for D&V's EV technology and positions them favorably within the electrification movement in the automotive sector.
NI (NASDAQ: NATI) will release its Q1 2022 earnings results on April 28, 2022, at 4:00 p.m. Central Time. Investors can access the audio webcast of the earnings call alongside presentation slides via the investor relations section on ni.com. Additionally, a recording of the webcast will be available post-event. The company emphasizes its commitment to providing tailored, software-connected systems for engineers and enterprises, enabling them to tackle major challenges.
NI (Nasdaq: NATI) has announced a definitive agreement to acquire the test systems business of Kratzer Automation AG, a leader in EV solutions. This strategic move enhances NI's position in the rapidly growing vehicle electrification market, enabling better service to OEMs. The acquisition is projected to contribute approximately 2% to NI's revenue in 2022 and is expected to become accretive in the second year. NI plans to fund the deal through its revolving credit facility, with the closing anticipated in Q2 2022, adding around 200 employees.
NI (NASDAQ: NATI) has opened a new Engineering Innovation Centre (EIC) in Bangalore, India, aimed at supporting the aerospace and defense sectors. This facility will aid engineers and companies by providing access to NI's expertise and resources, facilitating faster and safer product testing, and enhancing the local engineering talent pool. The lab is designed to streamline testing processes, enabling the local community to develop innovative, future-ready systems more efficiently. NI's investment reinforces its commitment to the growing aerospace and defense market in India.
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