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Agilent s LSCA Unit Posts Double-Digit Growth in Orders, Revenues for Q1 2005

NEW YORK, Feb. 14 (GenomeWeb News) - Agilent Technologies' Life Science and Chemical Analysis business unit today reported a 16-percent increase in orders for the quarter ended Jan. 31, 2005, accompanied by a 13-percent rise in revenues and a 9-percent increase in profits.

 

Agilent's LSCA group, which houses the company's genomics and proteomics product lines, reported orders of $356 million for the first quarter of its 2005 fiscal year, up sharply from $307 million in orders for the year-ago quarter.

 

Life Science orders increased 18 percent, while Chemical Analysis orders increased by 15 percent, the company said.

 

The LSCA unit posted first-quarter revenues of $354 million, compared to $313 million in the first quarter of fiscal 2004.

 

Segment profits rose to $51 million, from $47 million in the prior-year period. 

 

The LSCA unit's revenues made up 21 percent of Agilent's $1.66 billion in total revenues for the quarter, which rose only 1 percent over last year's first-quarter revenues.

 

Total orders for the company - including LSCA, Test and Measurement, Automated Test, and Semiconductor Products - dropped 7 percent year-over-year to $1.61 billion.

 

First-quarter net earnings were $103 million, or $.21 per diluted share, compared to $71 million, or $.14 per share, in the first quarter of 2004.

 

Agilent spent a total of $232 million on R&D during the quarter, up slightly from $229 million last year.

 

The company had $2.5 billion in cash and cash equivalents on hand as of Jan. 31.

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