Varian grows sales, earnings in FY 2010

Radiation therapy firm Varian Medical Systems of Palo Alto, CA, reported gains in both revenue and net income for fiscal 2010.

For the year, the company reported revenue of $2.4 billion, up 6% compared to $2.2 billion the previous year. The company posted net income for the year of $360.4 million, up 11% compared to $319 million in 2009, the company said.

For the fourth quarter of 2010, Varian recorded revenue of $652 million, up 2% compared to revenue of $642 million in the corresponding quarter of 2009. The company's net income for the most recent quarter was $106 million, compared with net income of $97 million in the same period of fiscal 2009.

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