New Robots and Recurring Sales Push Intuitive Surgical Even Higher
Robotics, artificial intelligence, and augmented reality get a lot of press these days, some of it espousing the good while some of it decrying its inevitable toll on human jobs. Technology at its best doesn't replace people, though; it helps them perform better. That's on display every quarter when Intuitive Surgical (NASDAQ: ISRG) and its da Vinci robots report earnings.
The company shipped 275 new da Vinci systems during the third quarter of 2019, raising the total number in operation worldwide by 12% to 5,406. Robotic-assisted surgeries are still a small fraction of the total number of procedures, and as adoption continues to steadily rise, this robotics company's recurring-sales engine will continue to get even stronger.
Source Fool.com
