NI has reported first quarter sales revenues of $289m, which is a 2% increase on this time last year.
However, weak US dollar exchange rates impacted reported dollar sales figures in Europe which were down 4% in Q1.
NI expects to see improved US dollar revenue growth for the rest of 2015 due to the impact of the strengthening of the US dollar.
The test and design system firm saw stronger growth of 5% in East Asia and 6% in emerging markets.
According to Dr. James Truchard, NI president, CEO, underlying sales performance remains strong.
In constant currency terms, revenue was up in all regions, with the Americas up 4%, Europe up 10%, East Asia up 7% and the Emerging Markets up 19%.
“While we continue to adapt to the impact of the U.S. dollar on our results, I am optimistic about our long-term position in the industry and our ability to continue to gain market share,” said Truchard.
“I am confident we are building the new product pipeline, channel and operational excellence necessary to drive the long-term growth and profitability of the company. I am particularly excited about our early success in 5G wireless, where our innovative technology platform is enabling researchers to prototype algorithms for next-generation wireless networks.”
GAAP net income for Q1 was $15m and non-GAAP net income was $23m.
Earnings before interest, taxes, depreciation and amortisation (EBITDA) was $37m in the first quarter.
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