FOSTER CITY, Calif.--(BUSINESS WIRE)--Applied Biosystems Group (NYSE: ABI), an Applera Corporation business, today reported net revenues of $476.3 million for the first quarter of fiscal 2007, a 15% increase over the prior year quarter revenues of $415.5 million. Revenues for the first quarter of fiscal 2007 included a favorable impact of approximately 4% related to the March 2006 acquisition of the Research Products Division of Ambion, Inc. The net effect of foreign currency on net revenues was a favorable impact of approximately 1% compared to the prior year quarter.