Intuitive Surgical Inc (ISRG) has reported a 7.37 percent rise in profit for the quarter ended Dec. 31, 2016. The company has earned $204 million, or $5.13 a share in the quarter, compared with $190 million, or $4.99 a share for the same period last year. On the other hand, adjusted net income for the quarter stood at $242.30 million, or $6.09 a share compared with $224.30 million or $5.89 a share, a year ago.
Revenue during the quarter grew 11.88 percent to $756.90 million from $676.50 million in the previous year period. Gross margin for the quarter expanded 183 basis points over the previous year period to 69.65 percent. Total expenses were 65.07 percent of quarterly revenues, up from 63.65 percent for the same period last year. That has resulted in a contraction of 142 basis points in operating margin to 34.93 percent.
Operating income for the quarter was $264.40 million, compared with $245.90 million in the previous year period.
However, the adjusted operating income for the quarter stood at $319.70 million compared to $292.60 million in the prior year period. At the same time, adjusted operating margin contracted 101 basis points in the quarter to 42.24 percent from 43.25 percent in the last year period.
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