Contributions from new acquisition Dade Behring helped Siemens Healthcare to a 10% revenue gain in its fiscal third quarter, although unadjusted revenue and profit slipped in its imaging division.
For the period (end-June 30), the Erlangen, Germany-based vendor had revenues of 2.677 billion euros ($4.21 billion U.S), up from 2.431 billion euros ($3.83 billion U.S.) a year ago. Siemens had a profit of 326 million euros ($513.2 million U.S.), up from 307 million euros ($483.3 million U.S.) in the third quarter of 2007.
Siemens noted that growth was more modest in established markets characterized by slower economic growth, tightening credit, and by U.S. public policy affecting medical imaging.
Siemens' Imaging and IT division produced revenues of 1.569 billion euros ($2.47 billion U.S.), up 3% on an organic basis but down 4% on an unadjusted basis from the 1.639 billion euros ($2.58 billion U.S.) turned in last year. Hurt by substantial currency effects, profit slipped from 223 million euros ($351 million U.S.) to 199 million euros ($313.3 million U.S.), Siemens said.
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