ResMed (ASX: RMD) sees increased demand for its products, Q4 revenue jumps 23% y-o-y.

Wed 09 Aug 23, 11:55 AM | Team Kalkine

Image source: © Phartisan | Megapixl.com

Highlights

Medical device manufacturer ResMed Inc. (ASX: RMD) offers innovative solutions that treat people outside the hospital. Cloud-connected devices and digital health technologies assist people with COPD, sleep apnea and other chronic diseases at their homes or setting of their choice. The provider of out-of-hospital software platforms has recorded double-digit growth in income and revenue during the financial year 2023 (FY23).

During the reported period, the company registered 18% year-on-year growth in revenue to USD 4,222.9 million. The net income grew by 15.1% on YoY to USD 897.5 million, and total assets increased by 32.4% to USD 6,751.7 million during the same period. Demand for the RMD’s cloud-connected platform, patient interface and software solutions underpinned the company’s performance in FY23.

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