Buoyed by strengthening global economic growth indicators, GE Healthcare logged growth in both revenue and profit for the first quarter of 2012 (end-March 31).
Revenues increased to $4.3 billion in the first quarter, up 5% from $4.1 billion posted for the third quarter of 2011.
Operating profits showed improvement as well, rising to $585 million in Q1, up 10% from the $531 million posted in the third quarter of 2011.
Parent company General Electric cited a positive global growth environment and record first-quarter orders for its infrastructure business of $23.1 billion, up 20% from last year's fourth quarter.
However, overall revenues were down 8% to $35.2 billion from $38.3 billion, reflecting nonrepeating costs related to the sale of its NCBU media division and stake in Turkish banking firm Garanti in the first quarter of 2011, as well as lower net earned income at GE Capital.
