Varian results climb in first quarter

AuntMinnie.com staff writers
Apr 25, 2000

Oncology and x-ray products provider Varian Medical Systems reported second-quarter sales of $170 million, up 14% compared with the $149 million posted during the same period in 1999. For the quarter (end-March 31), the Palo Alto, CA-based vendor reported net income of $10.4 million, compared with a loss of $41 million last year.

Varian cited sustained North American demand for new radiotherapy systems, and an improved x-ray product business as reasons for the strong growth. At quarter's end, the firm's backlog was a record $439 million.

By AuntMinnie.com staff writers
April 26, 2000
Copyright © 2000 AuntMinnie.com
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