Varian Medical Systems Reports Results for First Quarter of Fiscal Year 2009

PALO ALTO, Calif., Jan. 29 /PRNewswire-FirstCall/ -- Varian Medical Systems (NYSE: VAR - News) today reported net earnings from continuing operations of $0.56 per diluted share in the first quarter of fiscal year 2009 versus net earnings from continuing operations of $0.46 per diluted share in the year-ago quarter. Including the discontinued ACCEL research instruments operation, net earnings per diluted share in the same period were $0.55. Compared to continuing operations in the year-ago quarter, first quarter revenues rose 13 percent to $509 million, net orders rose 13 percent to $551 million, and the quarter-ending backlog rose 14 percent to $1.9 billion.