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 fiscal 2012, Nuance delivered its strongest year ever, led by 25% revenue growth and 32% operating cash flow growth,” said Tom Beaudoin, Nuance executive vice president and CFO. “Design wins and partnerships with global leaders such as Cerner, Intel and Samsung are extending Nuance technology into new solutions and expanding our addressable markets. Across our markets, Nuance’s ability to deliver customized voice and natural language solutions that understand user intent drove record bookings in fiscal 2012 and continues to drive unprecedented customer interest, positioning us well for growth in fiscal 2013.” Highlights from the quarter include:
- Healthcare – For Nuance’s healthcare solutions, fiscal 2012 non-GAAP revenue was $669.4 million, up 27.1%, and fourth quarter non-GAAP revenue was $189.7 million, up 27.6%, from the corresponding periods last year. During the fourth quarter, new bookings included large eScription, Dragon Medical and radiology contracts. Key healthcare customers included Beaumont, Franciscan Health System, Kettering Healthcare, Maine Medical Center, Memorial Healthcare, Mt. Sinai, Poudre Valley Health System, Providence Healthcare, Swedish Health Services, U.S. Army Medical Command, Veterans Health Administration, and Zwanger Pesiri.
- Mobile & Consumer – For Nuance’s mobile and consumer solutions, fiscal 2012 non-GAAP revenue was $508.3 million, up 29.2%, and fourth quarter non-GAAP revenue was $152.2 million, up 28.2%, from the corresponding periods last year. Key mobile customers, new bookings or design wins in the quarter included Acer, Amazon, Audi, Delphi, Ford, Garmin, Huawei, Intel, Metro PCS, Movistar Spain, Nissan, Samsung, Telefonica Spain, and ZTE.
- Enterprise – For Nuance’s enterprise solutions, fiscal 2012 non-GAAP revenue was $332.0 million, up 12.0%, and fourth quarter non-GAAP revenue was $90.3 million, up 12.9%, from the corresponding periods last year. Key enterprise customers in the quarter included Australia Department of Human Services, Bradesco, C Spire, Cigna, Citigroup, Geico, Metro PCS, Telstra, UK Department for Work and Pensions, UK HM Revenue & Customs, USAA, USAir, and Vonage.
- Imaging – For Nuance’s document imaging solutions, fiscal 2012 revenue was $228.4 million, up 28.7%, and fourth quarter non-GAAP revenue was $57.9 million, up 11.1%, from the corresponding periods last year. Key imaging customers in the quarter included Amazon, Canon, Deloitte, EMC, Humanware, JP Morgan, Ricoh, and Xerox.