Millipore Reports Increase in Revenues, Net Income

NEW YORK, July 21 (GenomeWeb News) - Millipore announced today that its second-quarter revenues jumped 14 percent to $225 million, from $196 million in Q2 2003.

Revenues jumped in each of the company's three geographic areas. Revenues increased In the Americas by $13 million, in Europeby $12 million, and in the Asia/Pacific regions by $4 million, the company said.

R&D spending in the second quarter increased slightly to about $16 million, from $14 million in the same quarter last year. In addition, the company reported an increase in net income, to approximately $28.5 million, from about $22.3 million in the year-ago period.

Millipore, based in Billerica, Mass., said it had about $94 million in cash and cash equivalents as of June 30.