Medical device maker Medtronic reported a 9.4 percent increase in quarterly profit on Tuesday, driven by strong demand for its heart and vascular devices.
Net income attributable to Medtronic rose to $1.02 billion, or 74 cents per share in the first quarter ended July 28, from $929 million, or 66 cents per share, a year earlier.
Net sales climbed 3.1 percent to $7.39 billion.
Dublin-based Medtronic generates most of its sales from heart devices, spinal implants and insulin pumps.
Source: Tech CNBC
Medtronic's 1st-quarter profit rises 9.4 percent