Net income and revenue grew sharply in the third quarter of fiscal 2004 at radiation therapy vendor Varian Medical Systems. Most of the growth was attributable to strong results in the company's oncology systems business, as well as an uptick in sales for its x-ray products unit.
For the quarter (end-June 30), the Palo Alto, CA firm posted revenues of $303.1 million, a rise of 14% compared with sales of $265.4 million for the same period last year. Net income stood at $42.5 million, a 32% increase when compared with a profit of $32.1 million in the third quarter of 2003.
Varian said sales of its Clinac accelerators and associated products and software rose 15%, to $252 million, boosting the company's oncology systems division. Third-quarter sales in its x-ray products business, including x-ray tubes and amorphous silicon flat-panel digital detectors, were $41 million, up 10% from the third quarter of the last fiscal year.
By AuntMinnie.com staff writersJuly 30, 2004
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![Representative example of a 16-year-old male patient with underlying X-linked adrenoleukodystrophy. (A, B) Paired anteroposterior (AP) chest radiograph and dual-energy x-ray absorptiometry (DXA) report shows lumbar spine (L1 through L4) areal bone mineral density (BMD). The DXA report was reformatted for anonymization and improved readability. The patient had low BMD (Z score ≤ −2.0). (C) Model (chest radiography [CXR]–BMD) output shows the predicted raw BMD and Z score in comparison with the DXA reference standard, together with interpretability analyses using Shapley additive explanations (SHAP) and gradient-weighted class activation maps. The patient was classified as having low BMD, consistent with the reference standard. AM = age-matched, DEXA = dual-energy x-ray absorptiometry, RM2 = room 2, SNUH = Seoul National University Hospital, YA = young adult.](https://img.auntminnie.com/mindful/smg/workspaces/default/uploads/2026/04/ai-children-bone-density.0snnf2EJjr.jpg?auto=format%2Ccompress&dpr=2&fit=crop&h=167&q=70&w=250)
