Medtronic's fiscal year 2016 revenue exceeds $28.8 billion

Medtronic announced on May 31 the fourth quarter of fiscal 2016 (as of April 29, 2016). The financial report showed that the quarter's revenue was 7.567 billion US dollars, an increase of 6%. Exchange rate changes brought a negative impact of $179 million in the fourth quarter. In accordance with non-GAAP, fourth-quarter earnings were $1.796 billion, and diluted earnings per share were $1.27, up 7% and 9%, respectively.

The financial report shows that the fiscal year 2016 revenue reached $28.833 billion, an increase of 7% year-on-year. Exchange rate changes have caused a negative impact of $1,502 million for the entire fiscal year 2016. In accordance with non-GAAP, FY16 earnings were $6.228 billion and diluted earnings per share were $4.37, up 31% and 2%, respectively.

Medtronic's fiscal year 2016 revenue exceeds $28.8 billion

According to the region, the US market revenue in the fourth quarter was 4.217 billion US dollars, accounting for 56% of the company's total revenue, an increase of 4%. Revenues from developed markets other than the United States were $2.393 billion, accounting for 31% of the company's total revenue, up 6% year-on-year. Emerging market revenues were $957 million, accounting for 13% of the company's total revenue, up 15% year-on-year.

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