Los Angeles—B-to-b media company Canon Communications reported that revenue for the fiscal year ended Sept. 30 rose 23% compared with fiscal year 2007. The company said that half of the revenue increase came from operational growth with the balance coming as a result of acquisitions.
Canon is privately held and does not disclose full financial results.
Despite the anticipated economic slowdown, Canon Chairman-CEO Charles G. McCurdy remains optimistic about fiscal year 2009. "We continue to benefit from our focus on very dynamic advanced manufacturing markets in the U.S. and increasingly in Europe and Asia, in particular the medical device manufacturing sector, as well as the pharmaceutical development and production sector," he said in a statement.