The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Andrew Edouard Buscaglia - Joh. Berenberg, Gossler & Co. KG, Research Division - Analyst
: Regarding consumer electronics, you kind of reiterated that will be down this year, the sales. Do you feel better or worse about that market than
you did last quarter? Or is it kind of the same?
Question: Andrew Edouard Buscaglia - Joh. Berenberg, Gossler & Co. KG, Research Division - Analyst
: Okay. So no real change there. I was just checking on -- given component shortages and all that. And a question I had around -- so 1/4 of your sales
or call it, you got consumer electronics down slightly. Automotive is doing well. Logistics is probably your best segment right now. But you still
got 1/4 of your sales that when you kind of do the math on how the year is shaking out, must be doing pretty well, like a bunch of like kind of
hodgepodge areas.
What's -- can you talk more about like kind of like the non-- the business that you don't really talk a ton about, but that quarter of your market
seems to be doing really well. And what is really driving that? Or what areas are driving that?
Question: Andrew Edouard Buscaglia - Joh. Berenberg, Gossler & Co. KG, Research Division - Analyst
: Yes. Okay. And maybe lastly, the new product you talked about, are we already seeing that impact your revenues -- or I'm talking about the AI deep
learning stuff. Is that already influencing yourselves today? Or is that -- can you -- is that kind of more in '22.
There's a very -- it's a very recent launch. It's been a lot of work, probably a 3-year journey to some of what's been a pretty major product release.
So we're already working with major customers on this deployment. But generally, the users of those products are going to be OEMs, more
sophisticated customers.
So I wouldn't expect to see major revenue contribution from that product probably until some quarters out. But then it's a source of major competitive
advantage for us. The product VisionPro that we talked about, this is the tenth release. It's a very major release. The product itself is 20 years old.
So it's the most established vision software platform in industrial manufacturing. It's so many users are trained on it and know how to use it. And
we're giving them a lot of more powerful tools and a lot of better user capabilities. But generally, it's a very sophisticated product, and it tends to
be deployed over quite some period.
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