The 2020 Mid-Year Economic Update_long

McKesson Fiscal 2016 Sales Up 6.6%

Fourth-quarter sales were up 3.9 percent year-over-year.

McKesson Corp. (NYSE: MCK), San Francisco, CA, reported fiscal 2016 sales of $190.9 billion, an increase of 6.6 percent year-over-year. Profit increased 53 percent to $2.3 billion.

Sales for the fiscal fourth quarter ended March 31 were $46.7 billion, an increase of 3.9 percent year-over-year. Profit increased 226.5 percent to $431 million.

Distribution solutions sales were up 4 percent year-over-year to $45.9 billion in the fourth quarter, while technology solutions decreased 5 percent.

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