Varian Medical Systems Expects Fiscal 2003 Second Quarter Earnings To Exceed Estimates; Reports Strong Net Orders And Sales | Varian

Varian Medical Systems Expects Fiscal 2003 Second Quarter Earnings To Exceed Estimates; Reports Strong Net Orders And Sales

Palo Alto, CA - April 8, 2003 - Varian Medical Systems, Inc. (NYSE:VAR)announced today that it expects earnings per diluted share for the second
quarter of fiscal 2003 to be up by 35 to 40 percent over the $0.34 reported in
the year-ago quarter, well ahead of its previous growth estimates of about 26
percent for the quarter.  The better than expected earnings growth
reflects a much stronger than anticipated recovery in the X-Ray Products
business for the quarter.  The company is also reporting continued
strength in its Oncology Systems business. The strong quarter puts annual
company earnings per diluted share for fiscal 2003 on track to grow by 29 to
31 percent over fiscal 2002 totals.

The company reported that it expects its net orders for the second quarter to
grow by about 27 percent over the year-ago quarter with healthy gains in both
the X-Ray Products and Oncology Systems businesses.  Company sales for
the second quarter are expected to climb by about 20 percent over the year-ago
quarter, and the backlog as of the end of the second quarter is estimated to
be about 22 percent higher than the same time last year.

"Our X-Ray Products business had its best sales quarter ever," said Richard
Levy, chairman, president, and CEO of Varian Medical Systems.  "Second
quarter net orders for our Oncology Systems business are expected to be in the
range of 20 percent higher than year-ago totals, with North American net
orders comprising about 66 percent of the total."

Varian Medical Systems is scheduled to announce its results for the second
quarter at 1 p.m. PT on Wednesday, April 23, 2003 with a conference call to
follow at 2 p.m. PT.  The conference call can be accessed via the web at
http://investor.varian.com  or
via telephone at 1-800-299-9086 for domestic calls with confirmation code
3407881 or 1-617-786-2903 for international calls with confirmation code
3407881.