ResMed Posts Record Results

ResMed,
Poway, Calif., has
reported record-breaking financial results for the quarter and
six months ended Dec. 31. Revenue for the 2008 quarter was $223
million, a 10 percent increase over the same quarter in 2007. Net
income was $33.9 million, an increase of 26 percent. For the six
months, revenue was $440.9 million, a 14 percent increase over the
six months ended Dec. 31, 2007.

ResMed President and CEO Kieran T. Gallahue attributed the
growth in part to the company’s launch of its Activa LT mask and
the Swift LT for Her, its first gender-specific product, along with
momentum from the VPAP product line. “Looking forwrd,” he said,
“our pipeline of products schedued for release over the next 18
months remains full and demonstrates our ongoing commitment to
bringing innovative technologies to market across both the mask and
flow generator product lines.”