Applied Biosystems Reports Fiscal 2009 First Quarter Results

FOSTER CITY, Calif.--(BUSINESS WIRE)--Applied Biosystems Inc. (NYSE: ABI) today reported net revenues of $533.1 million for the first quarter of fiscal 2009, an increase of over 6% compared to the prior year quarter of $501.2 million. The net effect of foreign currency on net revenues was a favorable impact of less than 3% compared to the prior year quarter, yielding a growth rate of approximately 4% excluding the impact of currency. Prior to July 1, 2008, Applied Biosystems Inc. (formerly known as Applera Corporation) operated through two business segments, the Applied Biosystems Group and the Celera Group. On July 1, 2008, all of the business, assets, and liabilities of the Celera Group were separated into an independent publicly traded company known as Celera Corporation, and the Applied Biosystems Group became our only business. Accordingly, amounts for prior periods have been restated to reflect the Celera business as discontinued operations.
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