30 April 2012 NI reports record first quarter revenue NI reports record first quarter revenue National Instruments has announced Q1 non GAAP revenue of $262million, a new first quarter record for the company and a 10% increase from Q1 2011. Orders were said to be up 13% year over year in Q1, with backlog increasing by $6m. Orders greater than $20,000 also grew 25% year over year and the average order size reached a first quarter record of approximately $4,400. NI also won the largest application sale in the history of the company during this quarter. Dr James Truchard, co founder, president and ceo, said: "I believe there has been a significant transition toward our graphical system design approach, which involves technology that harnesses productive software and modular hardware. "I am excited to see our customers using LabVIEW to design their test and control systems and leading the industry to the era of software designed instrumentation." Author Simon Fogg Comment on this article Websites http://www.ni.com/ Companies National Instruments This material is protected by Findlay Media copyright See Terms and Conditions. One-off usage is permitted but bulk copying is not. For multiple copies contact the sales team. Enjoy this story? People who read this article also read... Arrow buys Nu Horizons Arrow is buying Nu Horizons in an all cash deal which values the ... Read Article Claire Jeffreys, NEW Claire Jeffreys, events director, National Electronics Week, ... Read Article Southern Manufacturing This year, Southern Manufacturing and Electronics is set to be ... Read Article NIDays 2013 NIDays is a technical conference designed specifically for ... Read Article What you think about this article: Add your comments Name Email Comments Your comments/feedback may be edited prior to publishing. Not all entries will be published. Please view our Terms and Conditions before leaving a comment.