Compact-ultrasound developer SonoSite of Bothell, WA, posted modest gains in revenue in the first quarter of 2009 (end-March 31).
The company's preliminary report shows that worldwide revenue decreased by 1% to 2%, compared with the first quarter of 2008. On a constant currency basis, worldwide revenue grew 6% to 7% in the quarter, indicating an adverse currency effect of approximately 8%.
U.S. revenue rose approximately 4% compared to the same quarter a year ago, with the continued slowing of U.S. hospital capital spending driving a mid-teen percentage decline in SonoSite's U.S. hospital revenue. The decline was offset by what the company described as "excellent" growth in its U.S. enterprise channel.
International revenue decreased approximately 6% in the quarter, driven by the impact of a weaker dollar. On a constant currency basis, the international sector was up approximately 8% in the first quarter, compared with the same quarter of 2008.
SonoSite will report its full financial results for the first quarter on April 27 after the close of market.
Related Reading
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SonoSite reports revenue, profit gains in Q4, February 13, 2009
SonoSite migrates SonoGT to S Series line, January 30, 2009
SonoSite to post record 2008, January 12, 2009
SonoSite launches S-GYN system, December 2, 2008
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