Medtronic Bounces Back During Quarter Four Of Financial Year 2021 As Procedure Volumes Normalize

Medtronic reported strong growth for the past quarter, with CEO Geoff Martha emphasizing the medtech giant’s efforts in M&A and R&D.

Earning Report Q4

Medtronic marked a strong return from the COVID-19 pandemic in the fourth quarter of fiscal year 2021; total sales grew 32% year over year on an organic basis to $8.2bn.

For the full fiscal 2021, Medtronic’s revenue grew 2% on an organic basis to $30.12bn despite the impact on COVID-19 on procedure volumes throughout calendar 2020.

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