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Varian Medical Systems Reports Results for Fourth Quarter of Fiscal Year 2012
Date:10/25/2012

Systems
Oncology Systems' fourth quarter revenues totaled $590 million, up 7 percent from the same period of fiscal year 2011, and fiscal year revenues were $2.2 billion, up 8 percent from fiscal year 2011.  Fourth-quarter net orders were $789 million, up 10 percent versus the comparable year-ago period in both North America and the international markets.  Net orders for the fiscal year rose to $2.4 billion, up 7 percent from the last fiscal year, with a 5 percent gain in North America and an 8 percent increase in international markets which represented 55 percent of Oncology net orders for the fiscal year.  On a constant currency basis, Oncology Systems fourth quarter net orders were up 12 percent, with 14 percent growth in international markets led by 20 percent plus growth in demand in both Europe and Asia.

"We continued to see strong demand for Oncology services as well as our newer radiotherapy and radiosurgery products including TrueBeam and our RapidArc technology," said Wilson.  "We also saw some major wins in our software business."

X-Ray Products
Fourth quarter revenues for the X-Ray Products business were $130 million, up 9 percent from the year-ago quarter, and revenues for fiscal year 2012 were $493 million, up 5 percent from the prior fiscal year.  Compared to the corresponding periods in fiscal year 2011, X-Ray Products' fourth quarter net orders rose 15 percent to $145 million, and fiscal year net orders rose 5 percent to $506 million.

"Our X-Ray Products business had a strong fourth quarter with robust orders growth and share expansion from our panel products that offset weaker tube orders caused by ongoing softness in the global market for X-ray imaging equipment," said Wilson.  "New products introduced during the second half of the year began to contribute to the growth of this business. X-Ray Products' fourth quarter margins rose strongly due to a larger mix of panel revenues as well as su
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SOURCE Varian Medical Systems
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