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GE Posts Second Quarter Earnings

July 15th, 2005 |  Published in Company Profiles

Profits at GE Healthcare rose 15% for the second quarter, driven by 16% growth in medical imaging orders.

GE Healthcare — the London-based parent of GE Healthcare Technologies
in Waukesha, the former GE Medical Systems — reported revenue of $3.8
billion in the second quarter, up 12 percent compared with $3.4 billion
for the same period a year ago. Operating income grew to $672 million
from $584 million.

GE said total orders for GE Healthcare increased 11 percent in the
second quarter to $3.9 billion, compared with last year's second
quarter. Equipment orders rose 16 percent to $2.5 billion.
Equipment-order growth includes $400 million worth of computed
tomography orders, driven by the LightSpeed Volume CT scanner, GE said.

For the first six months of 2005, operating income was up 17 percent at
$1.1 billion, compared with $923 million a year ago. Revenue grew 21
percent to $7.1 billion from $5.9 billion.

About the author

Gee

After almost 25 years in health care Tim remains with his first love, connectology, the automation of workflow through the integration of medical devices with information systems.


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