Washington, D.C. based science and technology firm Danaher Corporation (NYSE:DHR) said net income rose 23% to $449.6 Million for the second quarter ended July 1, 2011. Including earnings from discontinued operations the total was $648.7 Million in profit.
Revenue totaled $3.7 Billion a 15.5% increase over 2010 which delivered $3.2 Billion.
"We've been very pleased by our strong start to 2011 and our team's execution led to yet another quarter of solid core revenue and earnings growth. Our investments in new product development and go-to-market initiatives continued to drive organic growth and margin expansion and with our increasing exposure to higher growth emerging markets and the addition of Beckman Coulterto the portfolio, we believe we are well positioned to continue to outperform for the remainder of 2011 and beyond." said H. Lawrence Culp, Jr., President and Chief Executive Officer of Danaher Corporation.
Cash and cash equivalents totaled $551.5 Million in the second quarter. Total assets were $31.5 Billion.
Danaher Corporation is one of the largest companies in the D.C. area measured by market value which totaled approximately $34.2 Billion. The company has over 59,000 employees in 125 countries
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