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Since 1976, National Instruments (www.ni.com) has equipped engineers and scientists with tools that accelerate productivity, innovation and discovery. NI's graphical system design approach to engineering provides an integrated software and hardware platform that speeds the development of any system needing measurement and control. The company's long-term vision and focus on improving society through its technology supports the success of its customers, employees, suppliers and shareholders.

Q4 2016 Highlights

  • Revenue of $329 million, down 2 percent year over year with core revenue up 3 percent year over year
  • GAAP gross margin of 75 percent, up 80 basis points year over year
  • Non-GAAP gross margin of 76 percent, up 60 basis points year over year
  • Fully diluted GAAP EPS of $0.26 and fully diluted non-GAAP EPS of $0.34
  • Currency volatility in Q4 that resulted in a $3.2 million loss on foreign exchange or $0.02 loss on EPS
  • GAAP net income of $34 million
  • EBITDA of $65 million
  • Cash and short-term investments of $358 million as of Dec. 31, 2016
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