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Medical device maker Medtronic reports 25.5 percent rise in profit


Medical device maker Medtronic reports 25.5 percent rise in profit

Medtronic Plc reported a 25.5 percent rise in quarterly profit on Thursday on higher demand for its heart devices.

Net income attributable to the company rose to $1.46 billion, or $1.07 per share, in the fourth quarter ended April 27, from $1.16 billion, or 84 cents per share, a year earlier.

Revenue rose 2.9 percent to $8.14 billion.

(Reporting by Manas Mishra in Bengaluru; Editing by Shailesh Kuber)



Source: REUTERS
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