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Home Industry News SonoSite records double-digit second quarter growth

SonoSite records double-digit second quarter growth

30th July 2010

SonoSite has seen significant progress in its growth initiatives in the most recent fiscal quarter, recording double-digit revenue growth.

The ultrasound specialist company’s revenue advanced by 18 per cent year-on-year to $61.5 million (39.5 million pounds), recording a strong performance in all four vertical clinical markets.

In addition to achieving sales improvements in many product areas, the company was able to close its acquisition of fellow ultrasound technology firm VisualSonics, a deal which is expected to augment business performance further in the second half of 2010.

Kevin Goodwin, SonoSite’s president and chief executive officer, said: “The quarter was an excellent step forward for SonoSite as we resumed strong revenue growth and managed pricing and operating expenses effectively.”

For the full year period, SonoSite now expects to record year-on-year group revenue growth of between 18 and 19 per cent.

Earlier this month, the company unveiled its new Enhanced Needle Visualization technology, a system which provides clinicians with more visual data when conducting deep needle insertions.ADNFCR-8000103-ID-800008838-ADNFCR

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