Scientific equipment company Agilent Technologies has reported a 21% increase in its net profit to $180m compared to $149m for fourth quarter ended October 2007. This was driven by strong sales of bio-analysis products.
The company’s year-on-year revenue grew 9% to $1.45 billion from $1.33 billion last year. The operating income increased by 27.5% to reach $190m compared to $149m in the previous year. In addition, it reported diluted earnings per share as 46 cents compared with 36 cents in same quarter a year ago.
The company attributed the good results to the performance of its Bio-analytical measurement segments in which the revenues increased from $450m to $558m. Bill Sullivan, Agilent president and chief executive said: Electronic measurement markets were very mixed, with strength in aerospace/defense and wireless R&D, a flat profile for wireless handset and electronic manufacturing test, and weakness in computer and semiconductor markets.
Tektronix, which competes with Agilent, declared a flat quarter on the account of decline in orders in some regions. It reported a net income of $20.1m, or $0.26 per share, for the period ending in on September 1, 2007 compared to $20.1m or $0.24 per share in the year-ago period. However, net sales increased by 8% to $291.5m as against $268.1m in the same quarter last year.
Source: ComputerWire daily updates