Medtronic Chairman and CEO Omar Ishrak commented on the company's first quarter fiscal year 2017 results, according to Memphis Business Journal.
Here are six highlights:
1. Mr. Ishrak noted the first quarter results were strong and they are "confident in [their] ability to sustain this performance over the coming quarter," according to the article.
2. Mr. Ishrak said the company will continue to emphasize value-based care in their offerings and create strategic partnerships that emphasize patient outcomes.
3. Medtronic's first quarter results showed global revenue of nearly $7.17 billion.
4. Although revenue declined 1 percent from the same quarter in 2016, Medtronic's net income rose.
5. A 13 percent increase, Medtronic's net income increased to $929 million in the first quarter 2017.
6. The company's spine division experienced a 6 percent decline, but the core spine business increased in the United States on a constant weeks basis because of product releases.