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Analogic posts positive Q3 results
 June 11, 2010 -- Medical imaging firm Analogic of Peabody, MA, enjoyed a 15% revenue increase, as well as growth in net income, for its third quarter of fiscal 2010 (end-April 30).
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For the period, Analogic posted revenue of $107.2 million, up 15% compared to revenue of $93.6 million in the corresponding quarter of 2009. Revenues from its CT and MRI segment were $61.1 million for the third quarter of fiscal 2010, up $11.1 million from the prior year's third quarter. Analogic attributed this revenue increase to the improving global economy positively affecting hospital spending.
The company saw a slight decrease in its digital radiography revenue, posting sales of $10.1 million compared to $10.3 million in the same period of 2009. Revenues in the company's specialized ultrasound segment were $22.1 million for the quarter, up from 2009's $19.2 million. Analogic attributed this revenue increase to increasing demand for its Flex Focus ultrasound scanners.
Finally, Analogic posted net income of $4.8 million, compared with net income of $2.3 million in the same period of 2009.
Related Reading
Analogic to link OEM medical units, April 30, 2010
Analogic shows Q2 gains, March 10, 2010
Sour economy bites into Analogic's growth, September 25, 2009
Analogic cuts staff by 6%, August 10, 2009
Analogic sales drop, but profit rises, June 5, 2009
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