Agilent Technologies reports growth in Q1 2013

Agilent Technologies has published its financial report for the first quarter of the 2013 business year, during which it generated $1.68 billion (1.09 billion pounds) in reported revenue.

This was up by three percent on the three months ending on January 31st 2012, with the 145 percent growth seen in its diagnostics and genomics division as a result of the recent Dako acquisition helping to offset weaknesses elsewhere.

Efforts will be made over the remainder of this fiscal year to invest in research and development, ensuring Agilent is able to continue releasing cutting-edge products and occupy a leading position in the life science technology sector.

Agilent chief executive officer Bill Sullivan said: "While we currently face some volatility in our end markets, we remain excited by our long-term prospects, including opportunities in emerging markets."

The firm is one of the world's leading measurement solutions providers and employs around 20,000 people, serving customers in more than 100 countries globally.