Nuance Communications Inc. (NUAN) reported a GAAP net loss of $4.3 million or $0.02 per share for the first quarter, compared to a loss of $26.3 million or $0.11 per share in the prior year quarter.
Non-GAAP net income was $84.3 million or $0.29 per share, compared to $61.0 million or $0.24 per share in the first quarter of fiscal 2009.
Nuance reported GAAP revenue of $263.0 million in the first quarter of fiscal 2010, a 21.3% increase over GAAP revenue of $216.8 million in the first quarter of fiscal 2009.
First quarter non-GAAP revenue grew about 16.4% to $284.6 million from $244.4 million in the same quarter last year.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.27 per share on revenue of $268.94 million for the quarter. Analysts' estimates typically exclude special items.
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