Varian Medical Systems tops $1 billion in sales in FY03
Strong demand for new radiation therapy products led to another year of record earnings, sales, net orders and year-ending backlog for Varian Medical Systems Inc.
In FY03, ending Sept. 30, sales increased 19 percent to $1.04 billion, compared with $873.1 million in FY02. Net income escalated 39 percent to $130.9 million, compared with $93.6 million in the previous fiscal year.
Oncology Systems led the way in FY03 with sales of $855.6 million, compared with $724.9 million in FY02. Oncology Systems includes Varian Medical Systems' Clinac accelerators and ancillary products, such as software and services for radiotherapy, and its SmartBeam IMRT (intensity modulated radiation therapy) system.
In FY03, ending Sept. 30, sales increased 19 percent to $1.04 billion, compared with $873.1 million in FY02. Net income escalated 39 percent to $130.9 million, compared with $93.6 million in the previous fiscal year.
Oncology Systems led the way in FY03 with sales of $855.6 million, compared with $724.9 million in FY02. Oncology Systems includes Varian Medical Systems' Clinac accelerators and ancillary products, such as software and services for radiotherapy, and its SmartBeam IMRT (intensity modulated radiation therapy) system.