McKesson Sales Grow in 1Q fiscal 2011 - Modern Distribution Management

Log In

McKesson Sales Grow in 1Q fiscal 2011

Distribution Solutions revenues were up 3 percent in the first quarter for McKesson.

Drug distributor McKesson Corp. (NYSE: MCK), San Francisco, CA, reported that revenues for the first quarter ended June 30, 2010 were $27.5 billion compared to $26.7 billion a year ago.

We Deliver Distribution News to Your Inbox
Sign up below to receive MDM Update, your free weekly distribution news update by email.


"I am pleased to report that McKesson is off to a solid start for Fiscal 2011, driven by strong performance in our Distribution Solutions segment," said John H. Hammergren, CEO.

Distribution Solutions revenues were up 3 percent in the first quarter. U.S. pharmaceutical distribution revenues were up 2 percent for the quarter, reflecting market growth adjusted for mix of business. In the quarter, the distributor continued to see a shift of revenues to direct store delivery from sales to customers' warehouses.

Canadian revenues, on a constant currency basis, grew 5 percent for the quarter due to market growth and one additional day of sales. Including a favorable currency impact of 15 percent, Canadian revenues increased 20 percent for the quarter. Medical-Surgical distribution revenues were flat for the quarter.

In Technology Solutions, revenues were up 2 percent for the quarter. Services revenues grew 1 percent, reflecting higher software maintenance partially offset by lower implementation revenues. Implementation revenues were down due to longer installation cycles associated with the sale of more complex enterprise revenue management and clinical software solutions. Software revenues were up 4 percent and hardware revenues were up 21 percent.

Share this article

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!


articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events



You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.