Breaking News
FONT-SIZE Plus   Neg
Share SHARE
mail  E-MAIL

Nuance Communications Q2 Results Top View

RELATED NEWS
Trade NUAN now with 
5/10/2012 11:20 PM ET

Voice and language solutions provider Nuance Communications, Inc. (NUAN: Quote) reported Thursday a profit for the second quarter that declined from last year, hurt by higher income tax provisions. However, adjusted earnings per share grew and topped analysts' expectation, reflecting improved margins and double-digit revenue growth across businesses.

The company noted that unprecedented demand for voice and natural language systems fueled growth in revenue and bookings for the quarter.

"Across our markets, we are experiencing unprecedented interest in voice and natural language systems that understand user intent, create conversational outcomes, and deliver answers to complex questions. Strong performance in all of our markets enabled us to deliver 15% organic revenue growth in the quarter," CFO Tom Beaudoin said in a statement.

The Burlington, Massachusetts-based company reported net income of $0.89 million or breakeven per share for the second quarter, marginally down from $1.74 million or $0.01 per share in the prior-year quarter.

Excluding items, adjusted net income for the quarter increased to $138.82 million or $0.43 per share from $99.88 million or $0.32 per share in the year-ago quarter.

On average, 13 analysts polled by Thomson Reuters expected earnings of $0.41 per share for the quarter. Analysts' estimates typically exclude special items.

The net result for the quarter included a tax provision of $11.47 million, higher than a provision of $2.39 million last year.

Revenue grew 22.4 percent to $390.34 million from $318.96 million last year. Meanwhile, adjusted revenues for the quarter increased 25.8 percent to $417.72 million from $332.01 million in the same quarter last year, and topped thirteen Wall Street analysts had a consensus revenue estimate of $412.64 million for the quarter.

Revenue growth was broad based across markets and across revenue types. Healthcare adjusted revenue grew 23.9 percent, mobile & consumer adjusted revenue increased 22.8 percent, enterprise adjusted revenue rose 23.5 percent, and imaging adjusted revenue surged 41.6 percent from last year.

Adjusted operating margin for the quarter expanded 390 basis points to 36.8 percent from last year's 32.9 percent.

NUAN closed Thursday's regular trading session at $23.09, down $0.31 or 1.32% on a volume of 4.92 million shares. The stock lost a further $1.09 or 4.72% in after-hours trading.

Register
To receive FREE breaking news email alerts for Nuance Communications, Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Chipmaker Advanced Micro Devices Inc. said Thursday after the markets closed that its first quarter loss narrowed from last year, helped by strong revenue growth in its graphics and visual solutions business. The company's quarterly earnings per share, excluding items, also came in above analysts' expectations as did its quarterly revenue. After trending higher over the past few sessions, stocks showed a lack of direction throughout the trading day on Thursday. The major averages spent the session bouncing back and forth across the unchanged line before ending the day mixed. While the major averages closed on opposite sides of the unchanged line, they all showed only modest moves. U.S. Secretary Of State John Kerry said Thursday that he and his counterparts from Russia, Ukraine and the European Union have reached an agreement on a preliminary plan for ending the ongoing crisis in Ukraine. Kerry was speaking at the end of the Ukraine contact group's first meeting, comprising the foreign ministers of Russia, Ukraine, the EU and the U.S., in the Swiss city of Geneva.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.