Varian Medical Systems posted sales of $161.4 million in its fiscal first quarter, up 14% from the $141.3 million in sales reported in the same period last year. For the quarter (end-December 29), the Palo Alto, CA-based firm had net earnings of $9.4 million, compared with net earnings of $5.2 million posted last year.
The strong growth was due to continuing demand for integrated radiotherapy systems and high-speed, high-resolution x-ray imaging products, according to president and CEO Richard Levy. With the strong first quarter, Varian hopes to grow this year's sales about 14% over fiscal 2000 totals, Levy said.
By AuntMinnie.com staff writersJanuary 25, 2001
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