Varian revenues, profit up in Q2

AuntMinnie.com staff writers

Apr 28, 2010

Strong international sales for radiation therapy firm Varian Medical Systems helped overcome a drop in North American revenue in the company's fiscal 2010 second quarter.

For the period (end-March 31), the Palo Alto, CA-based vendor had revenues of $586 million, up 6% (up 3% on a constant currency basis) from the $553.6 million recorded a year ago. The company had net income of $91.1 million, compared with net income of $67.8 million in the same quarter a year ago.

Varian also cited higher revenues in its oncology and x-ray products businesses, cost controls, improved company operating margins, and a lower tax rate for its improved quarterly net earnings.

Related Reading

Varian installs TrueBeam in Zurich, April 16, 2010

Varian debuts TrueBeam, Trilogy updates, April 15, 2010

Varian to fill U.K. Clinac order, March 12, 2010

Varian taps Adler for new post, March 8, 2010

Varian contributes to novel research, March 4, 2010

Copyright © 2010 AuntMinnie.com

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