McKesson Revenue Up 25%

McKesson announced its revenue for the three-month period ended March 31 was $38.1 billion, up 25 percent from the $30.5 billion in revenues the company posted over the same period last year.

For the entire fiscal year, also ended March 31, revenues reached $137.6 billion, up 12.6 percent from last year's revenue of $122.1 billion.

"I am pleased with our fourth-quarter results led by solid execution across the distribution solutions and technology solutions segments," said John H. Hammergren, chairman and CEO of McKesson, in a news release. "These results were driven primarily by outstanding performance in the distribution solutions segment and disciplined working capital management across the company."

McKesson's results were not significantly affected by its takeover of former rival Celesio. Additional income from Celesio was mostly offset by costs associated with the acquisition, though McKesson officials believe Celesio will help revenues grow even more in coming quarters.

"During the fourth quarter, we secured the acquisition of Celesio which marks an important step for McKesson as we expand to serve our customers and manufacturing partners with global scale," said Mr. Hammergran in the news release.

More Articles on McKesson:

7 Recent Go-Lives
NewYork-Presbyterian, McKesson, Other Health IT Leaders Named to InformationWeek's Elite 100
15 Recent Stories on the Health IT Market

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


Featured Whitepapers

Featured Webinars