Nuance Communications, Inc.
 (NUAN)

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  • Tue, Feb. 9, 4:50 PM
    • With an FQ1 beat in tow, Nuance (NASDAQ:NUAN) is hiking its FY16 (ends Sep. '16) EPS guidance to $1.41-$1.51 from $1.35-$1.45; consensus is at $1.43. Revenue guidance of $1.98B-$2.03B is reiterated.
    • FQ2 guidance is in-line: Revenue of $483M-$497M and EPS of $0.33-$0.36 vs. a consensus of $493.5M and $0.34.
    • Bookings: Net new bookings rose 2% Y/Y in FQ1 to $308.7M. On-demand and maintenance/support contract growth led the deferred revenue balance to rise 18% to $732.7M. FY16 net new bookings growth guidance of 2%-5% is reiterated.
    • Financials: Lifting EPS: $188.7M was spent to buy back 8.9M shares at an average price of $21.11. Also helping: Cost cuts led GAAP operating expenses to drop 11% Y/Y to $248.7M - non-GAAP op. margin rose to 28.6% from 22% a year ago.

      Nuance ended FQ1 with $595M in cash/investments and $2.12B in debt. The company's FY16 net cash tax rate guidance has been lowered to 5%-6% from 6%-7%.
    • NUAN -1.5% after hours to $15.92.
    • Nuance's FQ1 results, earnings release, prepared remarks (.pdf)
    • Update (5:10PM ET): Nuance is now up 5.5% after hours to $17.30.
    | Tue, Feb. 9, 4:50 PM | 2 Comments
  • Tue, Feb. 9, 4:04 PM
    • Nuance Communications (NASDAQ:NUAN): FQ1 EPS of $0.36 beats by $0.03.
    • Revenue of $494.87M (+1.2% Y/Y) beats by $3.41M.
    • Shares +0.15%.
    • Press Release
    | Tue, Feb. 9, 4:04 PM
  • Mon, Feb. 8, 5:35 PM
  • Nov. 16, 2015, 4:44 PM
    • Nuance (NASDAQ:NUAN) has guided in its earnings slides (.pdf) for FQ1 revenue of $486M-$498M and EPS of $0.31-$0.33 vs. a consensus of $490.6M and $0.31. FY16 (ends Sep. '16) guidance is for revenue of $1.98B-$2.03B and EPS of $1.35-$1.45 vs. a consensus of $2.01B and $1.38.
    • Bookings: Nuance expects 2%-5% FY16 net new bookings growth, after having posted 4% growth in FY15 (at the high end of a prior 1%-4% guidance range). FQ4 net new bookings were up 9% Y/Y. The estimated 3-year value of on-demand contracts was at $2.3B at the end of FQ4 vs. $2.25B a year earlier. Thanks to the shift towards on-demand/subscription services, deferred revenue rose 22% Y/Y to $668.2M.
    • FQ4 segment performance: Healthcare revenue +1% Y/Y to $241.2M. Mobile/consumer -1% to $121.8M. Enterprise -10% to $88.4M. Imaging -11% to $61.9M. The Dragon Medical voice recognition platform and Cllintegrity documentation software were strong points for healthcare, while transcription volume declined. Mobile/consumer benefited from automotive, consumer electronics, and mobile carrier growth, offset by mobile phone weakness and soft Dragon desktop demand.
    • Financials: 68% of FQ4 revenue was recurring, and 23% from licenses.  Boosting EPS: Operating expenses (non-GAAP) fell 12% Y/Y to $175.4M with the help of job cuts. $56.5M was spent on buybacks. Nuance ended FQ4 with $569M in cash, and over $2.1B in debt.
    • Shares have jumped to $18.14 after hours.
    • Nuance's FQ4 beat, PR
    | Nov. 16, 2015, 4:44 PM | 1 Comment
  • Nov. 16, 2015, 4:04 PM
    • Nuance Communications (NASDAQ:NUAN): FQ4 EPS of $0.41 beats by $0.06.
    • Revenue of $513.32M (-1.3% Y/Y) beats by $5.48M.
    | Nov. 16, 2015, 4:04 PM
  • Nov. 15, 2015, 5:35 PM
  • Aug. 6, 2015, 4:40 PM
    • Though officially beating consensus, Nuance's (NASDAQ:NUAN) FQ3 results were in-line with the guidance provided in its July 21 pre-announcement. In its prepared remarks (.pdf), the voice recognition software giant has guided for FQ4 revenue of $497M-$513M and EPS of $0.33-$0.37 vs. a consensus of $509.4M and $0.35.
    • Bookings: Net new bookings rose 47% Y/Y in FQ3 to $484.4M, aided by several "unusually large" automotive contracts and strong healthcare bookings. Over the first 3 quarters of FY15, bookings are up a modest 2% to $1.09B. In spite of the strong FQ3 performance, Nuance still only expects 1%-4% FY15 net new bookings growth.
    • Segment performance: Healthcare revenue -1% Y/Y to $236.8M; op. profit of $81.8M (over half of total op. profit). Mobile/consumer -5% to $108.5M; op. profit of $27M. Enterprise nearly flat at $87M; op. profit of $24.9M. Imaging -8% to $56.3M; op. profit of $21.8M. Total FQ3 organic revenue growth was -3% (+1% exc. forex).
    • Financials: Op. margin rose 290 bps Y/Y to 26.4%. A 210 bps increase in gross margin to 63.1% helped, as did a $3.2M drop in operating expenses to $179.2M. $122.4M was spent on buybacks. Nuance ended FQ3 with $489M in cash/investments, and $2.12B in debt.
    • Shares have dropped to $17.00 AH.
    • FQ3 results, PR
    | Aug. 6, 2015, 4:40 PM
  • Aug. 6, 2015, 4:04 PM
    • Nuance Communications (NASDAQ:NUAN): FQ3 EPS of $0.32 beats by $0.03.
    • Revenue of $488.7M (+2.8% Y/Y) beats by $8.34M
    | Aug. 6, 2015, 4:04 PM | 3 Comments
  • Jul. 21, 2015, 10:09 PM
    • Nuance (NASDAQ:NUAN) now expects to report FQ3 (calendar Q2) revenue of $485M-$489M and EPS of $0.31-$0.32. That's better than prior guidance of $468M-$482M and $0.25-$0.29, and a consensus of $477M and $0.28. Formal FQ3 results arrive on Aug. 6.
    • The voice recognition software giant also announces Tom Beaudoin, its CFO since 2008, is leaving at month's end to "pursue an opportunity at a smaller, privately held company." Finance SVP/chief accounting officer Daniel Tempesta will replace him.
    • Shares rose to $17.59 in AH trading. The 52-week high is $18.66.
    | Jul. 21, 2015, 10:09 PM
  • May 7, 2015, 4:23 PM
    • Nuance (NASDAQ:NUAN) uses its FQ2 report to state it's adding $500M to its buyback, bringing its total aurhorization to $591.7M. $120.3M was spent in FQ2 to buy back 8.56M shares at an average price of $14.06.
    • The company guided in its prepared remarks (.pdf) for FY15 (ends Sep. '15) revenue of $1.94B-$1.98B and EPS of $1.13-$1.23; the former is unfavorable to a $1.98B consensus, but the latter is above a $1.12 consensus. FQ3 guidance is for revenue of $468M-$482M and EPS of $0.25-$0.29, mostly below a consensus of $487.7M and $0.28.
    • FY15 net new bookings growth guidance has been cut to 1%-4% from a prior 4%-5%. A strong dollar is now expected to have a $55M impact on FY15 revenue ($10M worse than previously forecast), and a $32M impact on net new bookings.
    • Net new bookings fell 27% Y/Y in FQ2 to $304.7M, thanks largely to a $100M connected car deal booked a year ago. However, the deferred revenue balance rose 26.3% Y/Y to $637.8M.
    • Healthcare revenue (47% of total revenue) -4% Y/Y; mobile/consumer +9%, enterprise -7%; imaging -7%. In addition to buybacks, EPS got a lift from a 7% Y/Y drop in GAAP operating expenses to $245.3M.
    • Nuance has risen to $15.82 AH.
    • FQ2 results, PR
    | May 7, 2015, 4:23 PM
  • May 7, 2015, 4:04 PM
    • Nuance Communications (NASDAQ:NUAN): FQ2 EPS of $0.30 beats by $0.06.
    • Revenue of $488.06M (-0.4% Y/Y) beats by $7.06M.
    • Shares +2.75%.
    | May 7, 2015, 4:04 PM | 10 Comments
  • Feb. 5, 2015, 5:35 PM
    • Though it beat FQ1 estimates, Nuance (NASDAQ:NUAN) has guided in its prepared remarks (.pdf) for FQ2 revenue of $459M-$475M and EPS of $0.22-$0.26, below a consensus of $499.5M and $0.27. FY15 (ends Sep. '15) guidance is for revenue of $1.907B-$1.957B and EPS of $1.08-$1.18; the latter is in-line with a $1.13 consensus, but the former is below a $2.05B consensus.
    • Net new bookings (excludes renewal bookings) fell 5.5% Y/Y in FQ1 to $303.8M. Nuance calls the 15 net new bookings it recorded "disappointing,"  and (thanks in part to forex) is lowering its FY15 net new bookings growth guidance to 4%-5% from 6%-8%.
    • Thanks to the shift towards cloud/subscription revenue streams, the deferred revenue balance rose 28.2% to $484.3M. On-demand solutions made up 36% of revenue.
    • Healthcare organic revenue growth was flat, mobile/consumer was -5%, enterprise -4%, and imaging -9%. Total organic growth was -3%. GAAP operating expenses rose by less than $300K Y/Y to $278.2M.
    • Regarding mobile/consumer, Nuance notes mobile cloud transactions rose 66% Y/Y to 3.98B. But it also cautions it has "experienced pressure in the mobile phone industry as market share shifts among leading vendors and emerging companies, largely from China."
    • FQ1 results, PR
    | Feb. 5, 2015, 5:35 PM | 4 Comments
  • Feb. 5, 2015, 4:04 PM
    • Nuance Communications (NASDAQ:NUAN): FQ1 EPS of $0.25 beats by $0.03.
    • Revenue of $489M (-0.2% Y/Y) beats by $2.13M.
    | Feb. 5, 2015, 4:04 PM | 5 Comments
  • Feb. 4, 2015, 5:35 PM
  • Jan. 26, 2015, 2:23 PM
    • Nuance's (NUAN +0.6%) FQ1 report arrives after the close on Thursday, Feb. 5. CC at 5PM ET.
    • Consensus is for revenue of $486.9M (-0.6% Y/Y), and EPS of $0.22. Shares -9% since Nuance beat FQ4 estimates and provided in-line FY15 guidance on Nov. 24.
    | Jan. 26, 2015, 2:23 PM | 5 Comments
Company Description
Nuance Communications Inc is a provider of voice recognition solutions and natural language understanding technologies. The Company offers its solutions to banks and hospitals to airlines, carriers, and car manufacturers.
Sector: Technology
Country: United States