Radiation therapy firm Varian Medical Systems reported record revenues for its 2006 fiscal second quarter of $414 million, up 18% compared with the $351 million reported a year ago.
For the period (end-March 31), the Palo Alto, CA-based firm had net earnings of $54 million, a slight downturn compared with net earnings of $56 million a year ago. Option expensing of $7 million took place during the quarter, the company noted.
Backlog at the end of the quarter stood at a record $1.3 billion, 20% higher than at the end of the second quarter of fiscal 2005, Varian said.
For the fiscal year, the company said it believes total revenues should increase by about 14% above the fiscal 2005 total, and that third-quarter revenues should grow in the low double digits over the comparable period in fiscal year 2005.
By AuntMinnie.com staff writers
April 26, 2006
Related Reading
Varian launches Vitesse 2.0 system, April 3, 2006
Varian highlights Emory research, March 28, 2006
Varian adds Barts to client list, March 14, 2006
Bangladesh orders Varian linacs, March 10, 2006
MedAssets, Varian renew deal, March 2, 2006
Copyright © 2006 AuntMinnie.com
