7.9B 1.2%
Total Revenue QoQ (USD) - Q1 '24

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Company Revenue
No data for previous quarter available yet.

Income Statement (USD)

Q1 '24 QoQ
Revenue 7.9B 1.2%
Gross Profit 1.97B 7.1%
Cost of Revenue 5.93B 0.6%
Operating expense 3.84B 1.5%
Net Income 1.32B 45.4%
EBITDA 2.06B 7.7%

Balance Sheet (USD)

Q1 '24 QoQ
Total Assets 90.8B 0.8%
Total Liabilities 38.8B 1%
Total Equity 51.8B 0.6%
Shares Outstanding 1.33B 0%

Cash Flow (USD)

Q1 '24 QoQ
Cash from operations 2.47B 274.3%
Cash from investing -707M 66.7%
Cash from financing -1.5B 1566.7%

EPS

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Financial Highlights for Medtronic in Q1 '24

Medtronic reported a revenue of 7.9B, which is a 1.2% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.

Gross Profit stood at 1.97B, marking a 7.1% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.

Cost of Revenue was 5.93B, a -0.6% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.

Operating Expenses for this period were 3.84B, showing a -1.5% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.

Net Income for the quarter was 1.32B, showing a 45.4% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.

The company's EBITDA for the quarter was 2.06B, showing a 7.7% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.

It was a positive quarter for Medtronic with growth in revenue, gross profit, and net income.

The analytics provided are estimates and not a substitute for professional advice. All investments involve risks, including possible capital loss.
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