Intuitive Surgical (ISRG), which designs and builds the da Vinci Surgical System, recently released a strong report for Q3FY15. According to the report, revenue rose 10.6% y-o-y (14% taking into account currency fluctuations) to $589.7 mn, while adjusted EPS jumped 33/7% y-o-y to $5.24, outpacing analysts’ expectations by 24%. The number of operations with da Vinci Surgical System increased by 15% y-o-y to 162,000, rising 12% y-o-y in the US and 28% abroad. Strong results in the reporting quarter allowed the company’s management to upgrade operating performance forecast for 2015. Volume of operations was revised up from 11-13% y-o-y to 13-14% y-o-y.I am upbeat about the market of robotic surgical systems. According to the forecast of IndustryARC, volume of operations carried out by such complexes will grow at an average rate of 19% per year over the next five years. Intuitive Surgical with its da Vinci Surgical System will be the main beneficiary of this trend. So, I assign a Buy recommendation to the name in the long-term. $ISRG, Intuitive Surgical, Inc. / 1440