Thermo Fisher Scientific, an analytical instrument and laboratory product manufacturer with operations in Milford and Franklin, saw its revenue and profit rise in its first quarter, the Waltham-based company reported this morning.
Revenue totaled $3.1 billion for the quarter, up nearly $379 million from the first quarter of 2011.
The company netted $277.3 million in profit, an increase of 10 percent over $252.2 million a year ago.
Its laboratory products and services segment remains the largest, bringing in $1.5 billion, up from $1.4 billion. But its analytical instruments segment saw a healthy revenue bump, from $830.2 million to $1 billion for the quarter.
Marc Casper, Thermo Fisher’s president and CEO, said in a statement that a number of new products launched during the quarter helped drive revenue growth in those segments.
The company bought back $300 million of its shares during the quarter and also issued its first quarterly dividend.
