Radiation therapy firm Varian Medical Systems reported 2006 fiscal first-quarter revenues of $334 million, up 11.7% compared with the $299 million reported a year ago.
For the period (end-December 30), the Palo Alto, CA-based firm had net earnings of $41 million, compared with net earnings of $40 million a year ago. Backlog at the end of the first quarter was at a record $1.2 billion, Varian said.
The quarter was the strongest in the company's history, said Varian chairman and CEO Richard Levy. Varian's oncology systems and x-ray products units each contributed to robust net order growth, with significant gains in brachytherapy, security and inspection, and filmless x-ray imaging, according to the vendor.
By AuntMinnie.com staff writers
January 26, 2006
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