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Home Industry News St Jude Medical delivers record-breaking second quarter results

St Jude Medical delivers record-breaking second quarter results

25th July 2011

St Jude Medical has experienced a record-breaking sales performance in the second quarter of 2011.

Data from the company's new financial report reveals that its sales total for the three months rose by ten percent year on year to reach $1.4 billion (882.7 million pounds).

The majority of its revenue was generated by its cardiac rhythm management business, while its cardiovascular unit saw the most pronounced growth rate at 35 percent, thanks in part to the recent acquisition of AGA Medical.

Daniel Starks, St Jude Medical's chairman, president and chief executive officer, also observed that its international sales has thrived in the last quarter and now represents the majority of its business.

"We are making good progress implementing our new growth drivers and diversifying our growth portfolio," he added.

Last week, the company received European regulatory approval for Illumien, its innovative new integrated diagnostic technology system.ADNFCR-8000103-ID-800632476-ADNFCR

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