Philips

Philips is a Dutch multinational conglomerate corporation that was founded in Eindhoven in 1891 by Gerard Philips and his father Frederik. It was initially a manufacturer of light bulbs and has since evolved into a large corporation, active in the areas of health technology, lighting, and consumer products.

Industry

Electronics, Electrical Equipment, Healthcare

Company Size

With a workforce exceeding 80,000 employees,the company boasts a vast talent pool.

Product, Services and Operations

Philips operates through various segments such as Personal Health, Diagnosis & Treatment, Connected Care, and Health Informatics. It offers a wide range of products and services including consumer electronics, domestic appliances, medical systems, lighting, and more.

Funding Details

As a publicly traded company, Philips raises funds through the issuance of shares. As of 2021, its market capitalization is approximately $41.5 billion.

Acquisitions

Philips has made several notable acquisitions including Respironics, Spectranetics, and Volcano Corporation.

Awards and Achievements

Philips has received numerous awards and recognitions, including being ranked 23rd among the Top 100 global innovators by Clarivate in 2020, and being named one of the World's Most Ethical Companies by Ethisphere for several consecutive years.

Revenue

In 2022, Philips generated around 17.83 billion euros in revenue.