Nuance (NUAN) now -14.6% AH thanks to its FQ1 EPS miss and light FQ2/FY13 guidance. On its...
Thursday, February 7, 6:44 PM ETNuance (NUAN) now -14.6% AH thanks to its FQ1 EPS miss and light FQ2/FY13 guidance. On its earnings call, management blamed the guidance on declining healthcare transcription volumes thanks to the adoption of electronic records and Dragon, soft EMEA sales due to macro issues, and declining Windows software sales due to PC demand. The healthcare issues are expected to last a few quarters. Healthcare sales (51% of profits) +3% Y/Y in FQ1, Mobile/Consumer +17%, Enterprise +10%, Imaging +6%. On-demand solutions now 31% of sales (27% a year ago).
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