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Cardinal Health Sales Up 2% in Second Quarter 2011

Cardinal Health, Dublin, OH, reported a 2 percent increase in fiscal 2011 second-quarter revenue to $25.4 billion.

"We continued the momentum from our first quarter to close out the first half of our fiscal year in a position of strength," said George Barrett, chairman and CEO of Cardinal Health.  "Our organization continues to execute well on our priorities. The Pharmaceutical segment had an excellent quarter with double-digit profit growth over the prior year. Our Medical segment faced commodity pressures and a light flu season compared to the prior year, resulting in flat year-over-year profit contribution for the quarter, but the segment achieved favorable sequential performance versus the first quarter.

Cardinal's second quarter included the completion of two strategic acquisitions: Kinray and Yong Yu in China.

More details from Cardinal Health here.

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