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news.Siemens Healthcare has reported revenues of EUR2.936 billion for the first quarter of fiscal 2009, up 3%, compared with the revenues of EUR2.653 billion in the year-ago quarter. It has also reported a net income of EUR342 million, for the first quarter of fiscal 2009, compared with the net income of EUR332 million, in the year-ago quarter.
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Within the healthcare division, the company’s Imaging and IT segment was the top profit contributor in the first quarter of fiscal 2009, producing a profit of EUR262 million ($345.2 million), up 13% over the same period in the previous year, when profit stood at EUR232 million ($305.7 million).
Revenues in Imaging and IT for the first quarter were EUR1.769 billion ($2.331 billion), up 4% on an adjusted basis compared to EUR1.650 billion ($2.174 billion) in the first quarter of 2008. Orders for Imaging and IT shrank 2% on an adjusted basis, the company said.
Imaging and IT contributed 59% of revenues for the Siemens Healthcare division, while Diagnostics made up 29% and Workflow and Solutions chipped in 12%.
Siemens said that the overall medical imaging market in the US remains challenging, with demand limited by tight credit and the impact of the Deficit Reduction Act of 2005.