Search
Menu
Opto Diode Corp. - Opto Diode 10-24 LB

Cognex Sales Lag as Recent Acquisition Broadens Customer Base

Facebook X LinkedIn Email
JOEL WILLIAMS, NEWS EDITOR
[email protected]

NATICK, Mass., Nov. 2, 2023 — Cognex continues to feel the effects of soft demand for capital equipment, the machine vision industry leader said this week, as the company released financial results for its 2023 third quarter. The company pointed to slow economic recovery in China as a force behind its revenue report, which saw a 6% year-over-year quarterly decrease, and which totaled $197 million for the quarter and $641 million for the nine-month period starting Jan. 1. Cognex said that strategic product releases during the quarter, which ended Sept. 30, and its recent acquisition of machine vision optics...Read full article

Related content from Photonics Media



    Articles


    Products


    Photonics Handbook Articles


    White Papers


    Webinars


    Photonics Dictionary Terms


    Media


    Photonics Buyers' Guide Categories


    Companies
    Published: November 2023
    Glossary
    machine vision
    Machine vision, also known as computer vision or computer sight, refers to the technology that enables machines, typically computers, to interpret and understand visual information from the world, much like the human visual system. It involves the development and application of algorithms and systems that allow machines to acquire, process, analyze, and make decisions based on visual data. Key aspects of machine vision include: Image acquisition: Machine vision systems use various...
    BusinessFinancefinancialresultsQ3quarter threethird quarterCognexmachine visionOpticsSensors & DetectorsSoftwareMoritexacquisitionAmericasJapanAsia-Pacific

    We use cookies to improve user experience and analyze our website traffic as stated in our Privacy Policy. By using this website, you agree to the use of cookies unless you have disabled them.