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Home Industry News Idexx Laboratories experiences first-quarter growth in 2013

Idexx Laboratories experiences first-quarter growth in 2013

2nd May 2013

Idexx Laboratories has announced its financial results for the first quarter of 2013, during which it generated a three-month revenue total of $332.1 million (214.23 million pounds).

This represented a year-on-year increase of three percent, while its earnings per share total rose by 12 percent and profits increased by five percent during the period.

Highlights of the quarter included the strong take-up of its cloud-based diagnostics information platform VetConnect Plus, which reached more than 6,700 activations in the US, while the firm is also working to restructure its operations for greater efficiency.

Revenues for the full year are expected to come to between $1.38 and $1.39 billion, which would represent growth of seven to 7.5 percent on 2012.

Jonathan Ayers, chairman and chief executive officer at Idexx, said: "We are pleased with the strength of our innovations within the product and service portfolio and the value we bring to our customers."

This week, the firm also announced a new distribution deal with Sysmex that will allow Idexx to market the Sysmex XT-2000iV Automated Haematology Analyzer in the US.ADNFCR-8000103-ID-801580894-ADNFCR

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