Palo Alto, Calif.-based Varian Medical recorded double-digit performance in several areas. With $1.4 billion in revenue for 2005, the company achieved a profit margin of 14.9%, revenue growth of 11.9%, return on equity of 33.7% and return on assets was 17.7%.
For 2006, second-quarter revenues for the company were $414 million, up 18% from revenues of $351 million in the same period in fiscal 2005. Net orders for the quarter were $429 million, up 9% from the year-ago quarter. Backlog at the end of the quarter stood at $1.3 billion, 20% higher than at the end of the second quarter of fiscal 2005.
"The second quarter was marked by strong revenue growth in our Oncology Systems and X-Ray Products businesses with solid contributions from some of our emerging businesses in brachytherapy and flat-panel digital image detectors for filmless X-rays," said Tim Guertin, president and CEO of Varian Medical Systems, in an April 25, 2006, statement.
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