technology is going to head and how we’ll be able to improve overall system integration, reducing hands-on time, making this more foolproof so that sequencing can become ever-more prevalent in the clinic and used by less and less sophisticated users.
“So you can imagine, if you think about the entire workflow of sequencing from the earliest parts of the sample prep, all the way through informatics, we’re looking to fill in any bits and pieces along that pipeline that we don’t currently have. Some of that clearly is being done internally through our own research and development efforts but if we have the opportunity to go get it quickly outside at a reasonable price, we will do that.”
Given the company’s strong financial results, Illumina also raised its guidance for the rest of the year—projecting that overall revenue will increase by about 20 percent instead of 15 percent as the company had previously estimated. Illumina also increased its earnings per share guidance to a range of $1.68 to $1.72 per share from prior guidance of $1.55 to $1.62 a share.
“These projections include the impact of both the Verinata and ALL acquisitions, as well as ongoing investment to support our long-term growth,” Illumina CFO Marc Stapley said during the conference call.
Author: Bruce V. Bigelow
In Memoriam: Our dear friend Bruce V. Bigelow passed away on June 29, 2018. He was the editor of Xconomy San Diego from 2008 to 2018. Read more about his life and work here.
Bruce Bigelow joined Xconomy from the business desk of the San Diego Union-Tribune. He was a member of the team of reporters who were awarded the 2006 Pulitzer Prize in National Reporting for uncovering bribes paid to San Diego Republican Rep. Randy “Duke” Cunningham in exchange for special legislation earmarks. He also shared a 2006 award for enterprise reporting from the Society of Business Editors and Writers for “In Harm’s Way,” an article about the extraordinary casualty rate among employees working in Iraq for San Diego’s Titan Corp. He has written extensively about the 2002 corporate accounting scandal at software goliath Peregrine Systems. He also was a Gerald Loeb Award finalist and National Headline Award winner for “The Toymaker,” a 14-part chronicle of a San Diego start-up company. He takes special satisfaction, though, that the series was included in the library for nonfiction narrative journalism at the Nieman Foundation for Journalism at Harvard University.
Bigelow graduated from U.C. Berkeley in 1977 with a degree in English Literature and from the Columbia University Graduate School of Journalism in 1979. Before joining the Union-Tribune in 1990, he worked for the Associated Press in Los Angeles and The Kansas City Times.
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