GEMS sees healthy order increase

April 28, 1999

General Electric reported its first-quarter (end-March) fiscal results this month, breaking out for the first time profits in each of its business segments. The company’s technical products and services division, of which Waukesha, WI-based GE

General Electric reported its first-quarter (end-March) fiscal results this month, breaking out for the first time profits in each of its business segments. The company’s technical products and services division, of which Waukesha, WI-based GE Medical Systems is part, posted revenues of $1.5 billion for the quarter, a 34% increase over the previous year’s $1.1 billion. The division saw profits of approximately $268 million, up 15% from 1998’s $234 million.

GEMS reported a 42% increase in U.S. mammography orders for the quarter, which it attributed to the launch of herSource, an equipment, services, and financing program that supports women’s healthcare. CT orders climbed 25% worldwide during the period due to strong demand for GEMS’ LightSpeed QX/i system, the company said.