Radiation therapy device developer Varian Medical Systems said it expects to report double-digit growth in total net orders in the second quarter of fiscal year 2007, including orders generated in the quarter by its recently acquired ACCEL Instruments business.
Palo Alto, CA-based Varian saw net orders grow by 12% over the same quarter a year ago to about $480 million, with 2% growth in its oncology systems and strong growth in all other businesses.
The company attributed the softness in its oncology systems segment to greater variability in the length of its sales cycles caused by larger deals for more sophisticated equipment and more complex customer decision processes.
By AuntMinnie.com staff writers
April 13, 2007
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