McKesson posts record revenues

SAN FRANCISCO McKesson recently released the results of its fiscal 2008 fourth quarter and full year.

For the quarter, the company’s revenue was $2 billion more than during the same period in 2007, $26.2 billion. For the year, McKesson had revenues of $101.7 billion, up from $93 billion the year before.

“The fourth-quarter and full-year financial results demonstrate continued operating excellence and the benefit of acquisitions and share repurchases to create additional shareholder value,” said John Hammergren, chairman and chief executive officer. “Driven by strong revenue growth and solid operating margins in both distribution solutions and technology solutions, McKesson’s annual revenues exceeded $100 billion for the first time. Our enhanced value proposition for customers provides great market momentum into our next fiscal year.”

The distribution solutions revenue grew by 8 percent for the quarter and 9 percent for the year. Technology solutions saw its revenues increase by 19 percent for the quarter and 33 percent for fiscal 2008.