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Varian Medical Systems Reports Results for Second Quarter of Fiscal Year 2012
Date:4/25/2012

h a 14 percent increase in North America and a 4 percent increase in our international market."North American orders grew with the help of several major wins, including a $12 million contract for several TrueBeam systems at Montreal General Hospital," Guertin said.
"In international markets, net orders grew robustly in Asia, rose slightly in Europe, and declined in the rest of the world."

Today, the company separately announced a new partnership with Siemens AG to jointly market and represent each other's imaging and radiotherapy products around the globe. The partnership also includes development of software interfaces between Siemens and Varian products as well as future product developments for image-guided radiotherapy and radiosurgery.  "This is an exciting development that will enable Varian to expand its marketing reach through the Siemens global sales channel and to connect its software to the Siemens installed base of some 2,000 machines," said Guertin. 

X-Ray Products
Second quarter revenues for the X-Ray Products business were $123 million, up 4 percent from the year-ago quarter.  Compared to the corresponding period in fiscal year 2011, X-Ray Products second quarter net orders rose 5 percent to $130 million.

"Our X-Ray Products business resumed its growth with the help of strong demand for CT tubes from key Japanese customers who appear to have completed inventory adjustments that slowed orders and sales in the first quarter," Guertin said.  "Improved quality performance and cost controls resulted in record margins for this business during the quarter.  Subsequent to the close of the quarter, we completed our previously announced acquisition of InfiMed, broadening our product portfolio with X-ray workstation hardware and software." 

Other
The company's Other category, which is comprised of the Security and Inspection Products business, the Varian Particle Therapy business
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SOURCE Varian Medical Systems
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