August 20, 2019 / 10:58 AM / 3 months ago

Medical device maker Medtronic posts 1.5% rise in quarterly revenue

Aug 20 (Reuters) - Medical device maker Medtronic Plc reported 1.5% rise in quarterly revenue on Tuesday, boosted by higher sales at its minimally invasive therapies business.

Net income attributable to the company fell to $864 million, or 64 cents per share, in the first quarter ended July 26, from $1.08 billion, or 79 cents per share, a year earlier.

Net sales rose to $7.49 billion from $7.38 billion.

The company recorded an interest-related expense of $609 million in the reported quarter. (Reporting by Aakash Jagadeesh Babu in Bengaluru; Editing by Shounak Dasgupta)

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