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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 completed its acquisition of Heinzinger Automotive GmbH, enhancing its EV systems portfolio. This strategic move aims to strengthen capabilities in electrification and battery testing, allowing NI to cater to the increasing demand in the EV market. The acquisition is expected to generate 3-4% of NI's total revenue in 2022. NI expects minimal cost synergies, having funded the acquisition through its credit facility and cash reserves. This aligns with NI's commitment to inorganic growth and customer-focused innovation.
NI (NASDAQ: NATI) has launched its Test Workflow subscription bundle, simplifying access to essential test software for engineers. This bundle consolidates popular tools like LabView, TestStand, and DIAdem into a single, easy-to-manage license, enhancing productivity in product development. It aids in streamlining test and measurement applications and supports engineers in efficiently transitioning from design to validation. NI emphasizes its commitment to continue evolving its software delivery through cloud and SaaS technologies.
National Instruments Corporation (Nasdaq: NATI) announced Q4 2021 revenue of $421 million, marking a 14% increase year-over-year. Total orders rose 19% year-over-year, with a GAAP gross margin of 71%. Diluted GAAP EPS stood at $0.30, while diluted non-GAAP EPS reached $0.60. The company authorized a $250 million share repurchase program and returned $66 million to stockholders through stock repurchases and dividends. For FY 2021, revenue hit $1.47 billion, up 14%. Q1 2022 guidance forecasts GAAP revenue between $385 million to $415 million.
NI (NASDAQ: NATI) has appointed Drita Roggenbuck as senior vice president and general manager for the Transportation Business Unit (TBU). Her role aims to drive growth in automotive testing, particularly in electric vehicles (EV) and advanced driver-assistance systems (ADAS). The announcement follows a strong performance in Q3 2021, with TBU revenue up 41% year-over-year. Roggenbuck joins NI with over 20 years of experience in automotive business strategy, previously growing HFI's automotive business by about 50% during her tenure.
National Instruments (NATI) announced its participation in several upcoming financial events, including the Q4 2021 Earnings Call on January 27, 2022, and conferences such as the Needham Growth Conference on January 10, 2022, the Susquehanna 11th Annual Technology Conference on March 3, 2022, and the Morgan Stanley Technology, Media, and Telecom Conference on March 7, 2022. Live webcasts for these events will be available on their investor relations website.
ESI Group has completed the formation of its new leadership team, driven by a commitment to transformation under the “OneESI 2024 – Focus to Grow” plan. The group appointed Ajit Gokhale as Executive Vice-president Engineering, who brings over 30 years of experience from NI and Bloomy. The revamped leadership comprises nine seasoned professionals, highlighting a strategic reinforcement in their software engineering initiatives aimed at enhancing their role as a key software partner in the industry. The company reported €132.6 million in sales for 2020.
National Instruments (NATI) has announced significant discounts during its Month of Deals throughout November, targeting small-to-medium business (SMB) customers. Customers can receive up to 40% off selected software, along with additional discounts on training and popular products. The initiative aims to provide SMBs with essential tools for innovation and engineering projects. Josh Mueller, NI's chief digital officer, emphasized the company's commitment to empowering SMBs by delivering the necessary technology for advancing their engineering initiatives.
Motorcar Parts of America (MPAA) announced that its subsidiary, D&V Electronics, will provide a power hardware-in-the-loop inverter test system for NASA’s Dragonfly mission, which plans to explore Saturn’s moon Titan. The Dragonfly mission, part of NASA’s New Frontiers Program, aims to study Titan's environment by obtaining material samples. This partnership with NASA highlights D&V's capabilities in electric vehicle testing and its collaboration with Opal-RT and NI. The Dragonfly mission is scheduled for launch in 2027.
NI (NASDAQ: NATI) has launched an Inverter Test System and formed a collaboration with
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