Varian Medical Systems reported fourth-quarter fiscal 2002 revenues of $261 million, up 16% from the same period a year earlier, on strong order growth in North America and Europe. Net earnings for the quarter (end-September 27) were $33.8 million, compared with $23.1 million a year earlier.
The Palo Alto, CA-based manufacturer of integrated cancer therapy systems, x-ray tubes, and flat-panel subsystems reported a backlog at the end of fiscal 2002 of a record $698 million, up 17% from the end of the previous year. Varian CEO Richard M. Levy said the company finished the year "with great momentum," and that the market for the vendor’s radiotherapy systems remains strong.
By AuntMinnie.com staff writersOctober 25, 2002
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Varian turns in strong Q3, July 26, 2002
Varian gets clearance for new Helios software, June 17, 2002
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