Nuance Communications, Inc. (NUAN) - NASDAQ
  • Tue, May 10, 4:57 PM
    • Nuance Communications (NASDAQ:NUAN) is off 7% following mixed fiscal Q2 earnings and revenue guidance for the upcoming quarter and year on the light side of analyst expectations.
    • Revenues were flat as product sales dipped more than 9%. The company posted a $7M loss in GAAP terms
    • Cash flow from operations rose 33% to a record $159.9M.
    • Revenue breakout (GAAP): Product and licensing, $158.6M (down 9.1%); Professional services and hosting, $240.2M (up 7%); Maintenance and support, $79.9M (up 5%).
    • Conference call to come at 5 p.m. ET.
    • In prepared remarks it circulated before the call, the company guided to fiscal Q3 revenues (non-GAAP) of $483M-$497M (vs. $496M consensus), and EPS of $0.35-$0.38 (vs. expected $0.36). For the full year, it sees revenues of $1.975B-$2.005B (vs. consensus of $2.006B) and EPS of $1.48-$1.56 (vs. $1.49 expected).
    • Press Release
    | Tue, May 10, 4:57 PM | 3 Comments
  • Tue, May 10, 4:03 PM
    • Nuance Communications (NASDAQ:NUAN): FQ2 EPS of $0.38 beats by $0.03.
    • Revenue of $487.41M (-0.1% Y/Y) misses by $3.73M.
    • Shares +0.1%.
    • Press Release
    | Tue, May 10, 4:03 PM | 2 Comments
  • Mon, May 9, 5:35 PM
  • 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
Company Description
Nuance Communications, Inc. provides voice and language solutions for businesses and consumers around the world. Its solutions are used in healthcare, mobile, consumer, enterprise customer service and imaging markets. The company products are based on proprietary voice and language platform. It... More
Sector: Technology
Industry: Application Software
Country: United States