Varian Medical Systems Inc's Corporate Customers have recorded an advance in their cost of revenue by 6.58 % in the 1 quarter 2020 year on year, sequentially costs of revenue grew by 18.27 %. During the corresponding time, Varian Medical Systems Inc saw a revenue deteriorated by -6.04 % year on year, sequentially revenue fell by -8.43 %. While revenue at the Varian Medical Systems Inc 's corporate clients recorded rose by 8.86 % year on year, sequentially revenue grew by 24.2 %.
Varian Medical Systems Inc's Customers have recorded an advance in their cost of revenue by 6.58 % in the 1 quarter 2020 year on year, sequentially costs of revenue grew by 18.27 %, for the same period Varian Medical Systems Inc revnue deteriorated by -6.04 % year on year, sequentially revenue fell by -8.43 %.
Varian Medical Systems Inc's Comment on Sales, Marketing and Customers
We warrant most of our Oncology Systems products for parts and labor for 12
months, and we offer a variety of post-warranty equipment service contracts
and software support contracts to suit customers’ requirements. We maintain
service centers in Milpitas, California; Las Vegas, Nevada; Marietta, Georgia;
Buc, France; Crawley, United Kingdom; Cham, Switzerland; Herlev (Copenhagen),
Denmark; Diegem (Brussels), Belgium; Darmstadt, Germany; Houten, The Netherlands;
Alcobendas (Madrid), Spain; Cernusco (Milan), Italy; Manama, Dubai; Moscow,
Russia; Mumbai, Delhi, and Chennai, India; Tokyo, Osaka, Sendai, Nagoya, and
Fukuoka, Japan; Beijing, Chengdu, Shanghai, Guangzhou and Hong Kong, China;
Kuala Lumpur, Malaysia; Singapore; Bangkok, Thailand; Belrose, Australia; Sao
Paulo, Brazil; Seoul, South Korea; Budapest, Hungary; Vienna, Austria; Helsinki,
Finland and Winnipeg, Canada; as well as field service personnel throughout
the world for Oncology Systems customer support services. Key Oncology Systems
education operations are located in Las Vegas, Nevada; Beijing, China; Mumbai,
India; Cham, Switzerland and Tokyo, Japan. Our network of service engineers
and customer support specialists provide installation, warranty, repair, training
and support services, project management, site planning, and professional services.
We also have a distributed service parts network of regional hubs and forward-stocking
locations across all major geographic areas. We generate service revenues by
providing services to customers on a time-and-materials basis, replacement part
sales and through post-warranty equipment service contracts and software support
contracts. Most of the field service engineers are our employees, but our products
are serviced by employees of distributors and/or agents in a few foreign countries.
Customers can access our extensive service network by calling any of our service
centers.
We believe customer service and support are an integral part of our Oncology
Systems competitive strategy. Growth in our service revenues has resulted from
the increasing customer adoption of service contracts as the sophistication
and installed base of our products increase. We also believe superior service
plays an important role in marketing and selling medical products and systems,
particularly as the products become more complex. Nevertheless, some of our
customers use their own internal service organizations and/or independent service
organizations to service equipment after the warranty period expires and therefore
do not enter into agreements with us for extended service.
We generally warrant our medical imaging components and security and inspection
products for 12 months. We provide technical advice and consultation for medical
imaging components to major OEM customers from our offices in Salt Lake City,
Utah; Charleston, South Carolina; Liverpool, New York; Tokyo, Japan; Beijing,
China and Willich, Germany. Our applications specialists and engineers make
recommendations to meet the customer’s technical requirements within the
customer’s budgetary constraints. We often develop specifications for
a unique product, which will be designed and manufactured to meet a specific
customer’s requirements. We also maintain a technical customer support
group in Charleston, South Carolina and Liverpool, New York to meet the technical
support requirements of independent service companies that use our medical imaging
components products. We provide technical support and service for our security
and inspection products to major OEM customers from our offices in Las Vegas,
Nevada; Lincolnshire, Illinois; Buc, France; Manama, Kingdom of Bahrain; Crawley,
United Kingdom; Milano, Italy; Tokyo, Japan and Brussels, Belgium.
In the VPT business, we sell our proton therapy equipment generally with a
12-month warranty. We also generate service revenues by providing on-site proton
therapy system technical operation and maintenance support services for relatively
long-term periods (i.e., a five-year term or longer). We believe customer service
and support are an integral part of our VPT competitive strategy.
Varian Medical Systems Inc’s Comment on Sales, Marketing and Customers
We warrant most of our Oncology Systems products for parts and labor for 12
months, and we offer a variety of post-warranty equipment service contracts
and software support contracts to suit customers’ requirements. We maintain
service centers in Milpitas, California; Las Vegas, Nevada; Marietta, Georgia;
Buc, France; Crawley, United Kingdom; Cham, Switzerland; Herlev (Copenhagen),
Denmark; Diegem (Brussels), Belgium; Darmstadt, Germany; Houten, The Netherlands;
Alcobendas (Madrid), Spain; Cernusco (Milan), Italy; Manama, Dubai; Moscow,
Russia; Mumbai, Delhi, and Chennai, India; Tokyo, Osaka, Sendai, Nagoya, and
Fukuoka, Japan; Beijing, Chengdu, Shanghai, Guangzhou and Hong Kong, China;
Kuala Lumpur, Malaysia; Singapore; Bangkok, Thailand; Belrose, Australia; Sao
Paulo, Brazil; Seoul, South Korea; Budapest, Hungary; Vienna, Austria; Helsinki,
Finland and Winnipeg, Canada; as well as field service personnel throughout
the world for Oncology Systems customer support services. Key Oncology Systems
education operations are located in Las Vegas, Nevada; Beijing, China; Mumbai,
India; Cham, Switzerland and Tokyo, Japan. Our network of service engineers
and customer support specialists provide installation, warranty, repair, training
and support services, project management, site planning, and professional services.
We also have a distributed service parts network of regional hubs and forward-stocking
locations across all major geographic areas. We generate service revenues by
providing services to customers on a time-and-materials basis, replacement part
sales and through post-warranty equipment service contracts and software support
contracts. Most of the field service engineers are our employees, but our products
are serviced by employees of distributors and/or agents in a few foreign countries.
Customers can access our extensive service network by calling any of our service
centers.
We believe customer service and support are an integral part of our Oncology
Systems competitive strategy. Growth in our service revenues has resulted from
the increasing customer adoption of service contracts as the sophistication
and installed base of our products increase. We also believe superior service
plays an important role in marketing and selling medical products and systems,
particularly as the products become more complex. Nevertheless, some of our
customers use their own internal service organizations and/or independent service
organizations to service equipment after the warranty period expires and therefore
do not enter into agreements with us for extended service.
We generally warrant our medical imaging components and security and inspection
products for 12 months. We provide technical advice and consultation for medical
imaging components to major OEM customers from our offices in Salt Lake City,
Utah; Charleston, South Carolina; Liverpool, New York; Tokyo, Japan; Beijing,
China and Willich, Germany. Our applications specialists and engineers make
recommendations to meet the customer’s technical requirements within the
customer’s budgetary constraints. We often develop specifications for
a unique product, which will be designed and manufactured to meet a specific
customer’s requirements. We also maintain a technical customer support
group in Charleston, South Carolina and Liverpool, New York to meet the technical
support requirements of independent service companies that use our medical imaging
components products. We provide technical support and service for our security
and inspection products to major OEM customers from our offices in Las Vegas,
Nevada; Lincolnshire, Illinois; Buc, France; Manama, Kingdom of Bahrain; Crawley,
United Kingdom; Milano, Italy; Tokyo, Japan and Brussels, Belgium.
In the VPT business, we sell our proton therapy equipment generally with a
12-month warranty. We also generate service revenues by providing on-site proton
therapy system technical operation and maintenance support services for relatively
long-term periods (i.e., a five-year term or longer). We believe customer service
and support are an integral part of our VPT competitive strategy.
Sources:
Varian Medical Systems Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Varian Medical Systems Inc’s corporate clients.
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