McKesson revenue climbs 19% last quarter while profits fall 64%

For the fourth quarter 2015 ended March 31, 2015, San Francisco-based McKesson reported revenue totaling $44.9 billion, a 19 percent increase from the $37.8 billion reported during the same time period last year.

Additionally, the health IT company's fiscal year revenue totaled $179 billion, up 30 percent from the $137.4 billion the previous year.

McKesson's reported profit for the last quarter was $132 million, a 64 percent decrease from $370 million during the same time last year, according to a Wall Street Journal report, which suggests part of the decline is due to a $150 million settlement with the U.S. government for charges related to order reporting practices for controlled substances.

More articles on health IT:

Criminal attacks No. 1 cause of healthcare data breaches: 5 things to know
Allscripts stock leaps 5.7%: 3 things to know
78M consumers worldwide to use home health technologies by 2020

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Featured Whitepapers

Featured Webinars

>