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National Instruments Corporation (NATI) CEO Eric Starkloff on Q1 2021 Results - Earnings Call Transcript

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National Instruments Corporation (NASDAQ:NATI) Q1 2021 Earnings Conference Call April 29, 2021 5:00 PM ET

Company Participants

Marissa Vidaurri - Head, Investor Relations

Eric Starkloff - President and Chief Executive Officer

Karen Rapp - Chief Financial Officer

Conference Call Participants

Joe Cardoso - JPMorgan

John Marchetti - Stifel

Mark Delaney - Goldman Sachs

Rob Mason - Baird


Good day and thank you for standing by. Welcome to the Q1 2021 National Instruments Earnings Conference Call. [Operator Instructions] I would now like to hand the conference over to your speaker today, Marissa Vidaurri, Head of Investor Relations. Thank you. Please go ahead.

Marissa Vidaurri

Good afternoon. Thank you for joining our Q1 2021 earnings call. I’m joined today by Eric Starkloff, President and Chief Executive Officer; and Karen Rapp, Chief Financial Officer. We will start with an update on our performance in the first quarter before opening up for your questions.

Our discussion today will include forward-looking statements, including, without limitation, those regarding revenue, earnings, gross margin, operating expenses capital allocation, targets and future business outlook, including supply chain constraints, backlogs and the potential impact of COVID-19 on the company’s business and results of operations. We wish to caution you that such statements are just predictions and that actual events or results may differ materially and could be negatively impacted by numerous factors.

We refer you to the documents that the company files regularly with the Securities and Exchange Commission, including the company’s annual report on Form 10-K filed on February 23, 2021. These documents contain and identify important factors that could cause our actual results to differ materially from those contained in our forward-looking statements. We assume no duty to update any forward-looking statement to conform the statement to actual results or changes in our expectations. A reconciliation of our non-GAAP financial measures disclosed

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