"Pretty
good" pretty much sums up the third quarter. Revenue (sales) up 13%
from the same period in 2012 and income (profit) up 16%.
The
income number is especially impressive when you compare the most
recent quarter with the one before. That shows an improvement of 23%.
And
where does this come from?
Reading
between the lines, Cognex scored a sweet deal on sales of Dataman
code readers to a large logistics organization. No word on who that
is, but I bet they’re beating themselves up for not having pushed
Cognex for lower pricing!
In
other news, I was pleased to see R&D spend up significantly,
albeit in proportion to revenue. Still, at around 13% I think there’s
room for improvement. And with Keyence nipping at their heels, I
really think they need to do more. Perhaps they could ramp up the 3D
product for instance. I’d like to see that run a whole lot faster.
The
guidance for Q4 was that it also looks pretty good. I guess machine
vision is doing well at the moment.
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