Record Revenue, Profit Lift National Instruments

Engineers and scientists need sophisticated equipment in order to do experiments and make advances in their respective fields, and for a long time, National Instruments (NASDAQ: NATI) has provided those professionals with the hardware and software they need in order to get their jobs done. For a long time, difficult conditions in the industries that NI serves held back the company's performance, but more recently, improved conditions have brought new life to its prospects.

Coming into Thursday's third-quarter financial report, National Instruments investors were looking for continued incremental progress on the top and bottom lines. NI was able to do even better than expected, with outpaced revenue and earnings gains that set new records for the company. Let's take a closer look at National Instruments and what its most recent performance says about how it's doing.

Image source: National Instruments.

Source: Fool.com