Tuesday, July 31, 2012

Nuance Communications FY Q4 Beats Street Expectations

Nuance Communications � a once obscure voice technology company that has emerged into the spotlight as a key player in the Apple iPhone 4S Siri voice command system � this afternoon posted financial results for its fiscal fourth quarter ended September 30 that topped Street estimates.

For the quarter, the company reported non-GAAP revenue of $399.5 million, with non-GAAP profits of 42 cents s share, ahead of the Street at $393.3 million and 41 cents. Non-GAAP revenue was up 23% from a year ago.

The company saw 22.6% revenue growth in its healthcare segment; 31.6% growth in the mobile and consumer segment; 2.6% growth in the enterprise segment.; and 47.2% growth in document imaging solutions.

NUAN in late trading is up 22 cents, or 0.75, to $23.35.

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