For all of these events, confirmation and additional details will be provided closer to the specific event. This quarterly webcast can be accessed by clicking on the Investor Events link at investorrelations.medtronic.com and this earnings release will be archived at newsroom.medtronic.com. MITG’s revenue decline this quarter reflected a decline in procedure volumes as a result of the COVID-19 pandemic. We look for bold ideas and fresh insights - that's what drives innovation. This would translate into an annual amount of $2.32 per ordinary share, an increase from the prior $2.16. We are energized and focused on winning share, and accelerating our growth over both the near- and long-term," said Martha. It’s a belief that our employees live every day. Medtronic is a global leader in medical technology, services, and solutions. Actual future regulatory approval timelines and financial results may differ materially from anticipated future regulatory approval timelines and financial results. Highlights Deep and Broad Pipeline and Technology Platforms. The company is focused on collaborating with stakeholders around the world to take healthcare Further, Together. Medtronic management believes that non-GAAP financial measures provide information useful to investors in understanding the company’s underlying operational performance and trends and to facilitate comparisons with the performance of other companies in the med tech industry. Dividend IncreaseThe company today announced that on May 20, 2020, the Medtronic board of directors approved an increase in Medtronic’s cash dividend for the first quarter of fiscal year 2021, raising the quarterly amount to $0.58 per ordinary share. Emerging Markets revenue of $929 million represented 15 percent of company revenue and decreased 28 percent as reported and 24 percent constant currency. The company has no public debt maturing until March 2021. 75 million patients had their health improved by our products last year. Bring life-changing solutions to those who need them. DUBLIN, Oct. 14, 2020 /PRNewswire/ -- Medtronic plc (NYSE: MDT), the global leader in medical technology, will outline today the company's strategy for driving accelerated revenue growth and sustainable double-digit total shareholder returns at its virtual 2020 Investor Day. MITG fourth quarter revenue of $1.934 billion decreased 14 percent as reported and 12 percent constant currency. This was offset by an increase in demand for diabetes supplies, including continuous glucose sensors and infusion sets, particularly in international markets. FORWARD LOOKING STATEMENTSThis press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which are subject to risks and uncertainties, including risks related to the impact COVID-19 has had and is expected to continue to have on our business, operations and production, as well as demand for our offerings, and on our employees, medical professional and healthcare system, communities in which we operate, and our financial results and condition, competitive factors, difficulties and delays inherent in the development, manufacturing, marketing and sale of medical products, government regulation and general economic conditions and other risks and uncertainties described in the company’s periodic reports on file with the U.S. Securities and Exchange Commission including the most recent Annual Report on Form 10-K of the company, as filed with the U.S. Securities and Exchange Commission. Medtronic employs more than 90,000 people worldwide, serving physicians, hospitals and patients in more than 150 countries. SI’s low-twenties decline was partially offset by high-single digit growth in RGR, both on a constant currency basis. Minimally Invasive Therapies GroupThe Minimally Invasive Therapies Group (MITG) includes the Surgical Innovations (SI) and the Respiratory, Gastrointestinal & Renal (RGR) divisions. Learn how Medtronic is innovating for healthcare. The opportunity to invent. Come drive the future of healthcare with us. "Some of the greatest advances in medical technology are unfolding right now at Medtronic. Medtronic’s fiscal year 2020 revenue of $28.913 billion decreased 5.4 percent, or 4.2 percent on an organic basis, adjusting for the $418 million negative impact from foreign currency. About Medtronic Medtronic plc (www.medtronic.com), headquartered in Dublin, Ireland, is among the world's largest medical technology, services and solutions companies – alleviating pain, restoring health and extending life for millions of people around the world. The Investor Relations website contains information about Medtronic's business for stockholders, potential investors, and financial analysts. Investors eye discounted U.S. healthcare sector as Biden's lead in polls grow.. 5%+ annual organic revenue growth, an increase from the prior 4%+ long-range target; 8%+ adjusted earnings per share compound annual growth rate over the long range, assuming modest currency volatility; Greater than 80% cash conversion ratio, with a commitment to return more than 50% of its free cash flow to shareholders; and. Medtronic 2020 Integrated Performance Report Shares Goal of Carbon Neutrality by FY30, Achievement of 100% Gender Pay Equity in the U.S., and Progress on COVID-19 Response Medtronic has a strong track record of returning capital to its shareholders, including returning $3.6 billion in fiscal year 2020. Challenge us in our challenge to make global healthcare more affordable and accessible. As detailed in the financial schedules included through the link at the end of this release, fourth quarter non-GAAP net income and non-GAAP diluted EPS were $777 million and $0.58, respectively, decreases of 63 percent and 62 percent, respectively. Adjusting for the negative 4 cent impact from foreign currency, fiscal year 2020 non-GAAP diluted EPS decreased 11.3 percent. The webcast can be accessed by clicking on the Investor Events link at investorrelations.medtronic.com. The Investor Relations website contains information about Medtronic's business for stockholders, potential investors, and financial analysts. To view the fourth quarter and FY20 earnings presentation, click here. Within 24 hours of the event, a replay including presentation slides will be available by clicking on the Investor Events link at http://investorrelations.medtronic.com. In some cases, you can identify these statements by forward-looking words, such as "anticipate," "believe," "could," "estimate," "expect," "forecast," "intend," "looking ahead," "may," "plan," "possible," "potential," "project," "should," "will," and similar words or expressions, the negative or plural of such words or expressions and other comparable terminology. Our employees come from varied backgrounds with a common goal—changing lives. The power to improve lives. Medtronic will host a live webcast of the event to provide access to all interested parties. About Medtronic Medtronic plc (www.medtronic.com), headquartered in Dublin, Ireland, is among the world's largest medical technology, services and solutions companies – alleviating pain, restoring health and extending life for millions of people around the world. Medtronic Outlines Growth Strategy at Biennial Investor Day, Stormcenter - School / Business Application, Wild, Scheller tackle range of issues in forum at Jewish Federation of the Lehigh Valley, Lower Macungie planners hear proposed housing development plans, Pottstown councilwoman reminds residents of polling place changes, single drop box location, Phillipsburg council reviews ordinances for parks, special events, rec programs, Spring Township supervisors hear complaint about loud music from outdoor concerts, Pinwheels for Peace campaign aims to raise awareness about domestic violence, St. Luke's teams up with community members to help speech therapists, Murphy says $100 million of federal money coming to small businesses, families affected by pandemic, DeSales University-WFMZ poll of 7th District voters shows Biden, Wild ahead. Webcast Information Medtronic will host a webcast of its virtual 2020 Investor Day today, Oct. 14, at 8:00 a.m. EDT (7:00 a.m. CDT) to provide access to all interested stakeholders. Medtronic will host a webcast of its virtual 2020 Investor Day today, Oct. 14, at 8:00 a.m. EDT (7:00 a.m. CDT) to provide access to all interested stakeholders. Fiscal year 2020 cash flow from operations was $7.234 billion. For further information about the E-Verify program, please click here. At today's event, Medtronic will outline its key drivers to sustainably accelerate revenue growth at or above its weighted average market growth rate (WAMGR). FORWARD LOOKING STATEMENTS This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which are subject to risks and uncertainties, including risks related to competitive factors, difficulties and delays inherent in the development, regulatory approval, manufacturing, marketing and sale of medical products, government regulation and general economic conditions, and other risks and uncertainties described in the company's periodic reports on file with the U.S. Securities and Exchange Commission (SEC) including the most recent Annual Report on Form 10-K of the company, as filed with the SEC.

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