Shares of Intuitive Surgical
Since acquiring its chief competitor, Computer Motion, in 2003, Intuitive Surgical has owned the robotic-assisted surgical system market, unhindered in its expansion. In Q1, greater recurring revenue and more sales of its da Vinci systems drove revenue growth. Intuitive's da Vinci robotic arm assists surgeons in performing minimally invasive surgeries.
It didn't hurt that each of Intuitive's three principal business segments produced lights-out revenue increases year over year. The instruments and accessories segment grew 73%, while the systems segment increased 32%. (Together, both segments account for 84% of the company's revenue.) The service and training segment also grew sales by 53%.
Fools chasing the next highflier might want to consider Hansen Medical
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