Nuance Communications, Inc. (NASDAQ: NUAN) today announced financial results for its first quarter fiscal 2013, ended December 31, 2012.
Nuance reported GAAP revenue of $462.3 million in the first quarter fiscal 2013, a 28.2% increase over GAAP revenue of $360.6 million in the first quarter of fiscal 2012. Nuance reported non-GAAP revenue of $492.4 million, which includes $30.1 million in revenue lost to accounting treatment in conjunction with acquisitions. First quarter fiscal 2013 non-GAAP revenue grew 28.9% over non-GAAP revenue of $382.0 million in the first quarter of fiscal 2012.
In the first quarter of fiscal 2013, Nuance recognized GAAP net loss of ($22.1) million, or ($0.07) per share, compared with GAAP net income of $9.3 million, or $0.03 per diluted share, in the first quarter of fiscal 2012. In the first quarter of fiscal 2013, Nuance reported non-GAAP net income of $113.0 million, or $0.35 per diluted share, compared to non-GAAP net income of $108.5 million, or $0.34 per diluted share, in the first quarter of fiscal 2012. Nuance’s first quarter fiscal 2013 non-GAAP operating margin was 29.2%, down from 32.5% in the first quarter of fiscal 2012. Nuance reported cash flow from operations of $122.9 million in the first quarter of fiscal 2013, a 37.3% increase over $89.5 million in the first quarter of fiscal 2012. Nuance ended the first quarter of fiscal 2013 with a balance of cash and cash equivalents of $961.1 million.
Please refer to the “Discussion of Non-GAAP Financial Measures” and to the “GAAP to Non-GAAP Reconciliations,” included elsewhere in this release, for more information regarding the company’s use of non-GAAP measures.“In the first quarter, Nuance delivered 37% operating cash flow growth and 29% revenue growth,” said Tom Beaudoin, Nuance executive vice president and CFO. “Across our markets, Nuance’s ability to deliver customized voice and natural language solutions that understand user intent continues to drive unprecedented customer interest, positioning us for growth throughout the remainder of fiscal 2013. We are focused on leveraging our recent investments in products, sales and implementation teams, as we work to capitalize on our market opportunity.”
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV