ResMed’s revenue (ASX: RMD) for the year was up 13% to US$2.3 billion while the group witnessed some impact from the US tax reforms. Up by 10 percent on a constant currency basis, the revenue of the firm surged up to $623.6 million for the fourth quarter of FY18. Net income increased by 8 percent while the non-GAAP net income is up by 24 percent. Research and development expenses were 6.4 percent of revenue or $39.7 million.
GAAP diluted earnings per share of $0.76 and non-GAAP diluted earnings per share of $0.95 were noted. In the fourth quarter, operating cash flow of $129.4 million was noted. Company’s quarterly dividend increased by 6 percent to $0.37 per share. Lower than the prior year’s quarter gross margin of 58.2 percent primarily due to declines in average selling prices, gross margin in the fourth quarter was 58.1 percent.
The stock of ResMed Inc traded at a market price of $14.470 as at August 3, 2018 and the stock has seen a performance change of 58.07% over the past 12 months.
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