Royal Philips released financial results Monday for its second quarter of fiscal year 2017, posting €4.3 billion ($5 billion) in sales, a 4 percent increase from one year prior.
Here are four things to know about the health technology company's latest financial results.
1. Philips reported €289 million ($336.1 million) in net income.
2. The company posted €1.57 billion ($1.83 billion) in North American sales, up 4 percent from one year prior.
3. Its operating cash flow totaled €73 million ($84.9 million), compared to €177 million ($205.9 million) in the second quarter of 2016.
4. Philips will begin its share buyback program in the third quarter of 2017 with €1.5 billion ($1.75 billion).
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