Moving the HME Industry Forward

Respiratory/Sleep

Revenue Up for Medtrade Exhibitor ResMed

November 5, 2017

SAN DIEGO – ResMed Inc announced results for its quarter ended Sept 30, 2017. Revenue for the quarter was $523.7 million, a 13% increase compared to the same period of the prior year. “We started the fiscal year with strong 11% constant currency revenue growth led by our masks, software-as-a-service solutions, and devices,” said Mick Farrell, ResMed’s chief executive officer. “Our new masks have performed well around the world, device sales are solid, and operating profit returned to double-digit growth in the quarter.”

 Farrell concluded, “We are achieving share gains with new product innovation and delivering sustainable operating profit growth. We continue to pioneer products, services and solutions that improve patient outcomes, create efficiencies for our homecare providers, and help physicians and payers better manage chronic disease and lower long-term healthcare costs.”

 First quarter revenue in the Americas, excluding Brightree, was $296.6 million, an 11% increase over the same period of the prior year. Brightree revenue for the first quarter was $38.1 million, an increase of 15 percent compared to the same period of the prior year. Revenue in combined EMEA and APAC was $189.0 million, an increase of 11 percent on a constant currency basis, compared to the same period of the prior year.