ResMed Inc. reported a 4% increase in revenue, reaching $914.7 million, and a 6% rise in operating profit for the fourth quarter of fiscal year 2022. The company's diluted earnings per share stood at $1.33, while non-GAAP diluted earnings per share reached $1.49.
Revenue increased by 4% to $914.7 million, up 8% on a constant currency basis.
Gross margin grew 110 bps to 57.1%; non-GAAP gross margin grew 50 bps to 57.8%.
Income from operations increased 6%; non-GAAP operating profit up 4%.
Diluted earnings per share of $1.33; non-GAAP diluted earnings per share of $1.49.
ResMed is confident in their ability to grow steadily throughout fiscal year 2023 and to continue delivering for all stakeholders. They are investing in R&D to drive accelerated adoption of digital health solutions in sleep apnea, COPD, and outside-hospital care, as they progress towards their goal to improve 250 million lives in 2025.
Visualization of income flow from segment revenue to net income