National Instruments Corporation (NATI)
Deutsche Bank 2012 Technology Conference Transcript
September 11, 2012 11:10 AM ET
Alex Davern - Chief Operating Officer
Brian - Deutsche Bank
Brian - Deutsche Bank
Welcome to the National Instruments presentation here at the Deutsche Bank 2012 Technology Conference. With us today, Alex Davern, he is the Chief Operating Officer for National Instruments. He has been with the company for at least 18 years, almost from the founding. So he knows it well.
They're a leader in computer-based testing and automation, their record revenues in Q2. The company is very broad-based. They're in the test and measurement space. There's a lot of players in this space. One thing we like about this area is its stability but also its profitability is an area of our industry that tends to be very profitable.
So, Alex is going to talk a little bit about the company, then we're going to jump right into Q&A. Alex?
Thank you very much, [Brian]. I wonder if we could close out the door at the back. Thank you very much. Appreciate it. So I was going to do three or four introductory slides. I recognize some of the faces in the room. So you may have seen the presentation before and then we’ll switch to Q&A which I enjoy much more than repeating these slides I have to say.
So as Brian said, National Instruments is a leader in computer-based measurement and automation. We crossed over $1 billion in revenue last year. It’s a very much an organic growth for company. We have global operations, over 6,000 people, half of which are engineers. So we invested tremendous money into intellectual property of our people.
Check Out Our Best Services for Investors
Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts