National Instruments logo

NATI - National Instruments News Story

$42.49 0.8  2.0%

Last Trade - 23/07/21

Sector
Technology
Size
Large Cap
Market Cap £4.07bn
Enterprise Value £3.92bn
Revenue £954.9m
Position in Universe 1346th / 6998

BRIEF-National Instruments - Announced Workforce Reduction Plan Intended To Accelerate Its Growth Strategy And Further Optimize Operations, Cost Structure

Thu 29th October, 2020 10:14pm
Oct 29 (Reuters) - National Instruments Corp  NATI.O :
    * NATIONAL INSTRUMENTS - ANNOUNCED WORKFORCE REDUCTION PLAN
INTENDED TO ACCELERATE ITS GROWTH STRATEGY AND FURTHER OPTIMIZE
OPERATIONS, COST STRUCTURE
    * NATIONAL INSTRUMENTS CORP - PLAN IS EXPECTED TO REDUCE
NI'S
WORLDWIDE HEADCOUNT BY ABOUT 9% OVER NEXT 9-12 MONTHS
    * NATIONAL INSTRUMENTS CORP - EXPECTS TO FINALIZE PLAN AND
COMPLETE MAJORITY OF RELEVANT COMMUNICATIONS RELATED TO PLAN
DURING Q4 OF 2020
    * NATIONAL INSTRUMENTS - IN CONNECTION WITH PLAN, ESTIMATES
THAT
IT WILL RECOGNIZE PRE-TAX CHARGES TO GAAP FINANCIAL RESULTS OF
ABOUT $22 MILLION TO $28 MILLION
    * NATIONAL INSTRUMENTS - ANTICIPATES MAJORITY OF CHARGES
WILL BE
RECOGNIZED DURING Q4 2020, WITH REMAINING AMOUNT EXPECTED TO BE
RECOGNIZED DURING 2021

Source text for Eikon: [ID: https://bit.ly/3e74dO9]
Further company coverage:  NATI.O 

 ((Reuters.Briefs@thomsonreuters.com;))
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.