Varian Medical Systems Reports Results for First Quarter of Fiscal...(ere $86 million for thefirst quarter up ...),Health

Other Businesses

The company's Security and Inspection Products business, ACCEL proton therapy unit, and Ginzton Technology Center reported combined fiscal 2009 first quarter revenues of $24 million, up 17 percent from the year-ago quarter. Net orders for the quarter were $33 million, up 15 percent versus the year-ago quarter, due primarily to the Security and Inspection Products business.

Outlook

"Despite continuing turbulent financial times, we believe that fiscal year 2009 revenues could grow by about 10 to 13 percent and that net earnings per diluted share from continuing operations for the fiscal year could grow to between $2.59 and $2.64," Guertin said. "For the second quarter of fiscal year 2009, revenues could grow in the range of 9 to 10 percent with a slightly faster growth rate in operating earnings. Including a higher expected tax rate, net earnings per diluted share from continuing operations for the second quarter should be in the range of $0.59 to $0.62."

Investor Conference Call

Varian Medical Systems is scheduled to conduct its first quarter fiscal year 2009 conference call at 2 p.m. PT today. To hear a live webcast or replay of the call, visit the investor relations page on the company's web site at http://www.varian.com where it will be archived for a year. To access the call via telephone, dial 1-866-271-0675 from inside the U.S. or 1-617-213- 8892 from outside the U.S. and enter confirmation code 46529406. The replay can be accessed by dialing 1-888-286-8010 from inside the U.S. or 1-617-801- 6888 from outside the U.S. and entering confirmation code 54317886. The telephone replay will be available through 5 p.m. P
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