Intuitive announces increased revenue in 2021, following growing demand for its products
Intuitive announced revenue increasing 31.0% to reach $5.1 billion in 2021. This increase in revenue can be mainly attributed to the company creating new products and continuously selling their existing products like the da Vinci Surgical System. In fact, the company sold 44.0% more da Vinci machines in 2021 compared to 2020.
Discontinued ActivityIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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