Improvements in hospital spending helped medical imaging firm Analogic of Peabody, MA, post gains in its first quarter of 2011 (end-October 31).
The company posted revenue of $103.8 million, up 12% from $92.8 million in the first quarter of 2010. Net income for the first quarter of fiscal 2011 was $2.6 million; the company broke even in the first quarter of 2010, according to Analogic.
Revenue in the company's medical imaging business unit was $71.5 million for the first quarter of fiscal 2011, up 8.5% compared to $65.9 million in the unit in the corresponding quarter of 2010. The company attributed its revenue increase to market acceptance of its Flex Focus mobile ultrasound platform.
Related Reading
Analogic posts gains in fiscal 2010, September 22, 2010
Analogic taps Shaw as VP for BK unit, September 17, 2010
Analogic posts positive Q3 results, June 11, 2010
Analogic to link OEM medical units, April 30, 2010
Analogic shows Q2 gains, March 10, 2010
Copyright © 2010 AuntMinnie.com
