GE’s ultrasound unit shows 25% growth

Article

The ultrasound business of GE Medical Systems was singled outfor praise last week in GE's announcement of fiscal 1996 financialresults. The Fairfield, CT, conglomerate said that new productsdrove the ultrasound business to grow 25% in a relatively

The ultrasound business of GE Medical Systems was singled outfor praise last week in GE's announcement of fiscal 1996 financialresults. The Fairfield, CT, conglomerate said that new productsdrove the ultrasound business to grow 25% in a relatively flatoverall market.

GEMS's ultrasound unit last year introduced major upgradesfor its Logiq line of scanners, and former GEMS president andCEO John Trani said last month that the upgrades were the keyto a successful year for the business (SCAN 1/8/97). Overall,GEMS was one of five GE businesses that reported double-digitincreases in operating profit.

For the year, GE reported record revenues of $79.2 billion,up 13% compared with $70 billion in 1995. Earnings also set arecord, with the company posting net income of $7.3 billion, up11% compared with $6.6 billion in 1995. The results may make GEthe most profitable company in the U.S. for the year.

GE did not break out sales and earnings figures for GE MedicalSystems, other than to report on the growth in ultrasound andoperating profit. GEMS in the past has reported sales of over$3.5 billion.

Recent Videos
New Mammography Studies Assess Image-Based AI Risk Models and Breast Arterial Calcification Detection
Can Deep Learning Provide a CT-Less Alternative for Attenuation Compensation with SPECT MPI?
Employing AI in Detecting Subdural Hematomas on Head CTs: An Interview with Jeremy Heit, MD, PhD
Pertinent Insights into the Imaging of Patients with Marfan Syndrome
What New Brain MRI Research Reveals About Cannabis Use and Working Memory Tasks
Current and Emerging Legislative Priorities for Radiology in 2025
How Will the New FDA Guidance Affect AI Software in Radiology?: An Interview with Nina Kottler, MD, Part 2
A Closer Look at the New Appropriate Use Criteria for Brain PET: An Interview with Phillip Kuo, MD, Part 2
How Will the New FDA Guidance Affect AI Software in Radiology?: An Interview with Nina Kottler, MD, Part 1
A Closer Look at the New Appropriate Use Criteria for Brain PET: An Interview with Phillip Kuo, MD, Part 1
Related Content
© 2025 MJH Life Sciences

All rights reserved.