Medtronic leadership expects free cash flow to increase through 2018

By Devika Patel

Knoxville, Tenn., Aug. 22 – Medtronic plc management foresees the company’s free cash flow growing in the high single digits through 2018.

“We continue to expect [free cash flow] to grow in the high single digits, compounded annually, from fiscal 2016 to 2018,” executive vice president and chief financial officer Karen L. Parkhill said on the company’s second quarter earnings conference call on Tuesday.

Medtronic is a medical technology and services company based in Dublin.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.