Mindray reports a solid Q2
By stlplace on Aug 6, 2007 in Stocks
Here are the results. The important thing is they beat the est. and raised the guidance again. I also listened to its conference call, some interesting information:
1) The company plans to increase its international sales headcount to more than 200 people by the end of 2007 and to open offices in Amsterdam, Mexico City, Moscow, Sao Paulo and Toronto.
2) At the end of the second quarter 2007, the company had more than 850 R&D staff and is on track to increase R&D headcount to more than 1,000 employees by the end of 2007.
It appears the international growth is the main theme for the company. The domestic growth is also good, but not as fast as US market.
