Varian sees slight revenue increase in 2015

Radiation therapy firm Varian Medical Systems has posted financial results for its 2015 fiscal year.

The company's total revenues for fiscal 2015 were $3.1 billion, an increase of 2% compared to $3 billion in 2014. Net earnings were $412 million, also an increase of 2% compared to 2014's $403.7 million.

Varian's oncology system revenues were flat in fiscal 2015, and its imaging component revenues decreased 7%. The company attributed these results in part to unfavorable foreign currency exchange rates.

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