General Electric reported second-quarter revenues of $32.9 billion, up 20% from the $27.4 billion posted in the same period last year. The Fairfield, CT-based company had net income of $3.4 billion for the period (end-June 30), compared with net income of $2.8 billion in 1999.
Strong results were also reported for segments in the company’s GE Medical Systems division. X-ray orders were up 96%, driven by the vendor's 1999 acquisition of OEC Medical Systems and the introduction of the Innova 2000 digital cardiac imaging system and the Senographe 2000D full-field digital mammography unit.
Waukesha, WI-based GEMS also reported 35% growth in CT scales, sparked by strong market demand for its LightSpeed multislice scanner. Ultrasound orders also climbed 40%, including 65% growth in the company's Americas region.
In other GEMS news, the company has dedicated a new facility at its headquarters to meet growing market demand for refurbished equipment by Gold Seal, which remarkets both GE and non-GE diagnostic imaging equipment around the world.
By AuntMinnie.com staff writersJuly 13, 2000
Related Reading
GE takes on hybrid nuclear imaging with Hawkeye gamma camera add-on, June 7, 2000.
GE acquiring Lunar to extend reach in bone density, orthopedic imaging, June 2, 2000.
Strong fourth quarter leads GE to claim top spot in ultrasound, April 5, 2000.
GE debuts flat-panel digital cardiac cath system, March 1, 2000.
FDA approves GE’s full-field digital mammography system, January 31, 2000.
Change is name of game on RSNA show’s exhibit floor, November 28, 1999.
Copyright © 2000 AuntMinnie.com
