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Medtronic reports about 6 pct rise in quarterly profit


Medtronic reports about 6 pct rise in quarterly profit

 Medical device maker Medtronic plc reported a near 6 per cent rise in quarterly profit on Tuesday, helped by higher sales in its cardiac and vascular business.

Net income attributable to the company rose to $1.08 billion, or 79 cents per share, in the first quarter ended July 27, from $1.02 billion, or 74 cents per share, a year earlier.

Revenue fell to $7.38 billion from $7.39 billion.

Dublin-based Medtronic generates most of its sales from heart devices, spinal implants and insulin pumps.



Source: REUTERS
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