The Sunnyvale, CA-based manufacturer of robotic surgical systems continued to gain with growing demand for robotic surgery. Its da Vinci technology is used heavily in medical procedures such as hysterectomies, and has helped the company hold steady on this list since 2007 when it came in at no. 4. Intuitive slipped to no. 50 in 2012, but the company has seen business grow. For 2011, revenues grew 24% over the previous year, while profit rose 30% and surgical procedures using the da Vinci system rose 29% to 360,000 during the same period.
For 2012, Intuitive Surgical gave a cautious note on spending by hospitals in Europe, where governments are grappling with too much debt. The company gets 20% of its annual revenue from Europe and foreign markets like Japan and South Korea.
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