Nuance Communications, Inc. (NUAN) - NASDAQ
  • Tue, Jun. 14, 10:14 AM
    • Nuance (NUAN -1.1%) has launched a $300M offering of senior notes due 2024. Net proceeds will be used for "general corporate purposes," and potentially for acquisitions.
    • The voice recognition software/service provider over $340M and over $2.1B in debt at the end of March. In early March, Nuance agreed to buy back $500M worth of shares from Carl Icahn.
    | Tue, Jun. 14, 10:14 AM
  • Tue, May 10, 5:37 PM
    | Tue, May 10, 5:37 PM
  • 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
  • Wed, Mar. 23, 1:39 PM
    • At its GCP Next 2016 cloud user conference, Google (GOOG, GOOGL) has unveiled a Cloud Speech API that provides voice recognition services for third-party apps.
    • The API supports 80+ languages, and can work in either real-time streaming and batch mode. Notably, Google (has made huge A.I./machine learning investments) says the API will rely on the same neural network powering voice search used by Google's search and keyboard apps. It will initially be free to use; Google plans to eventually charge, while offering low-cost pricing tiers.
    • VR software leader Nuance (NUAN -4.2%), which claims an ecosystem of 30K+ developers, has sold off on the news. In December, Nuance unveiled its Mix platform, which provides developers working on mobile apps and IoT devices with SDKs that can be used to embed voice recognition and text-to-speech functionality.
    • Also announced by Google: Cloud Machine Learning, a platform that allows developers using Google's cloud infrastructure to add A.I./machine learning functionality to their apps. The service could compete against IBM's Watson Developer Cloud platform.
    | Wed, Mar. 23, 1:39 PM | 3 Comments
  • Wed, Mar. 16, 11:16 AM
    • A 4.4M-share Nuance (NUAN -3.5%) block trade has been priced at $19.45, $0.55 below yesterday's close. Bloomberg reports Carl Icahn is the seller.
    • The news comes six days after Nuance announced a deal to buy back $500M worth of shares from Icahn at $19.00 apiece. SA author Mark Chapman offered his thoughts on Icahn's motivations for selling earlier this week.
    | Wed, Mar. 16, 11:16 AM | 3 Comments
  • Tue, Mar. 15, 5:40 PM
    | Tue, Mar. 15, 5:40 PM | 1 Comment
  • Thu, Mar. 10, 9:17 AM
    • Nuance (NASDAQ:NUAN) is spending $500M to buy back 26.32M shares (over 8% of outstanding shares) from Carl Icahn and his affiliates at $19.00 apiece (6% below Wednesday's close).
    • The purchase will be funded through $375M in cash on hand and a $125M 90-day promissory note. It's separate from Nuance's existing buying program, the execution of which "will be limited for the foreseeable future." $188.7M was spent on buybacks in FQ1 (calendar Q4).
    • As part of the deal, Icahn execs Brett Icahn and David Schenchter are leaving the board. Icahn was reported to have a 60.8M-share (20%) stake in Nuance as of the end of 2015.
    • NUAN -5.7% premarket to $19.05.
    | Thu, Mar. 10, 9:17 AM | 3 Comments
  • 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
  • Wed, Feb. 3, 9:21 AM
    • SwiftKey's iOS/Android keyboard apps have over 300M users - a Samsung pre-install deal has helped - and are declared to have "saved nearly 10 trillion keystrokes, across 100 languages" with the help of A.I. that learns a user's typing tendencies to predict his/her next word. They also feature an autocorrect tool that adapts to a user's writing style, and an option to type by swiping from letter to letter.
    • Microsoft (NASDAQ:MSFT) is buying SwiftKey for an undisclosed sum; the FT reports the acquisition price is $250M. With SwiftKey based in London, offshore cash is likely being used.
    • Microsoft: "We’ll continue to develop SwiftKey’s market-leading keyboard apps for Android and iOS as well as explore scenarios for the integration of the core technology across the breadth of our product and services portfolio. Moreover, SwiftKey’s predictive technology aligns with Microsoft’s investments and ambition to develop intelligent systems that can work more on the user’s behalf and under their control." The company adds SwiftKey will be integrated with its Word Flow touch keyboard.
    • The purchase is the latest in a string of Microsoft acquisitions of iOS/Android productivity apps. Others include Wunderlist (to-do lists), Accompli (e-mail), and Sunrise (calendars). Nuance's (NASDAQ:NUAN) Swype is a notable SwiftKey rival.
    | Wed, Feb. 3, 9:21 AM | 14 Comments
  • Mon, Jan. 25, 5:41 PM
    • Top gainers, as of 5.25 p.m.: TCK +10.9%. JMEI +10.6%. PETX +9.7%. CPG +9.5%. PDS +9.1%.
    • Top losers, as of 5.25p.m.: PPP -3.1%. CNC -1.9%. CSCO -1.2%. NUAN -0.9%. GRPN -0.8%.
    | Mon, Jan. 25, 5:41 PM | 9 Comments
  • Mon, Jan. 4, 7:09 PM
    • Ahead of CES (runs from Jan. 6-9), Nuance (NASDAQ:NUAN) discloses its Dragon Drive voice recognition/personal assistant platform has been designed into the infotainment systems within 2015 and 2016 BMW models. The company disclosed design wins with Mercedes in September.
    • Nuance adds BMW's 7-series cars have been the first to support a "conversational" UI that leverages natural language assistance (NLU), text-to-speech functionality, and a mixture of embedded and cloud-based voice recognition. The NLU capabilities leverage neural networking, and an "intelligent arbitration algorithm" decides whether to rely on embedded or cloud voice recognition.
    • Nuance: "Drivers are able to say commands in one phrase, such as Send a text message to Joe, I am stuck in traffic and will be 15 minutes late, or Get me directions to Armando's Pizza in Cambridge. Drivers can also speak over or interrupt the system to complete tasks faster." Google and Apple, of course, have been working to add similar functionality to Google Now and Siri.
    • Last month: Nuance launches platform for adding voice recognition to apps, IoT devices
    | Mon, Jan. 4, 7:09 PM | 1 Comment
  • Dec. 15, 2015, 11:48 PM
    • Unlike its Dragon Mobile Assistant solution, Nuance's (NASDAQ:NUAN) Mix developer platform doesn't try to directly compete with Siri, Google Now, or Cortana. Rather, it provides developers with SDKs that can be used to embed voice recognition and text-to-speech functionality into iOS/Android apps, smart home products, and IoT devices.
    • Nuance: "Nuance Mix is unique in that it lets developers define their use cases, concepts and parameters, and the variety of ways consumers will interact with their device or app through voice ... Nuance's unique ability to deliver a complete stack with voice recognition, natural language, and text-to-speech offers developers unparalleled opportunities to optimize accuracy and create innovative end-to-end solutions." The company notes it already has 30K+ developers in its developer program, and supports 40+ launguages.
    • As The Verge observes, Apple and Google could potentially compete with Mix by fully opening up Siri (believed to be Nuance-powered) and Google Now to 3rd-party developers. Aside from its historical voice recognition and text-to-speech expertise, Nuance is pitching developers on Mix's ability to create custom speech/natural language models for each developer, and to adapt its handling of voice commands based on what users say.
    | Dec. 15, 2015, 11:48 PM
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