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August 08, 2012

Nuance Publishes Third Quarter Fiscal 2012 Results

By Jyothi Shanbhag
TMCnet Contributor

Nuance (News - Alert) Communications, Inc., a provider of voice and language solutions for businesses and consumers, has announced financial results for its third quarter of fiscal 2012, which ended June 30, 2012.

Nuance’s balance sheet shows that that company has attained a 31.3 percent increase over GAAP revenue of $328.9 million in the third quarter of fiscal 2011 and non-GAAP revenue has been $448.2 million, which includes $16.5 million in revenue lost to accounting treatment in conjunction with acquisitions. Third quarter fiscal 2012 non-GAAP revenue grew 29.9 percent over non-GAAP revenue of $345.1 million in the same quarter last year.

Speaking on this note, Tom Beaudoin, Nuance executive vice president and CFO said the company has delivered 30 percent year-over-year revenue growth and 41 percent year-over-year operating cash flow growth.

“We were pleased to see a strong performance in our Mobile & Consumer business, led by mobile phones, automobiles, televisions and other consumer electronics, as well as continued momentum in our Healthcare business,” said Beaudoin. “Across our markets, our ability to deliver voice and natural language systems that understand user intent, create conversational outcomes, and deliver answers to complex questions is driving design wins and unprecedented customer interest.”

Nuance has been experiencing tremendous growth and with high demand for voice applications, resulting in solid on-demand bookings in the quarter. In particular, recently released virtual assistant capabilities resulted in handset, television and automobile bookings and design wins, including several contracts with telephone, automobile, television and consumer electronics OEMs.

In addition, there is a huge demand for next-generation conversational and natural-language applications and accelerated bookings for Nuance’s Healthcare and Enterprise businesses, said company officials.

The company’s key customer list includes Banco Santander, Barclays, BT (News - Alert), Bynet, Comcast, Delta Airlines, Israel Prisons, Medical Mutual, New York City 311, OnStar, ScotiaBank, Telecomm Italia and Union Bank.

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Edited by Rachel Ramsey