FedEx earned net income of $2.08 billion for its fiscal year ended May 31, up 34% over a net profit of $1.56 billion for the previous fiscal year, on a 3% rise in revenue to $45.57 billion. Fiscal year operating expenses increased 1% to $42.12 billion and operating income was $3.45 billion, up 35% over an operating profit of $2.55 billion in the prior fiscal year. “Fiscal 2014 was a good year for FedEx and we expect fiscal 2015 to be even better,” CFO Alan Graf said, predicting ...
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