GEMS sees healthy order increase
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 companys 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 years $1.1 billion. The division saw profits of approximately $268 million, up 15% from 1998s $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 womens healthcare. CT orders climbed 25% worldwide during the period due to strong demand for GEMS LightSpeed QX/i system, the company said.