Post-Earnings Snapshot - Nuance Communications

LONDON, December 16, 2014 /PRNewswire/ --

Investor-Edge.com has issued free post-earnings coverage on Nuance Communications Inc. (NASDAQ: NUAN). On November 24, 2014, the company reported its Q4 FY14 and full-year FY14 financial results (period ended September 30, 2014). Click on http://www.investor-edge.com/FreeReports to read our free earnings review on Nuance Communications Inc. (Nuance). The company's GAAP revenue for Q4 FY14 and FY14 increased 6.4% and 3.7%, respectively on Y-o-Y basis. CFO of Nuance, Tom Beaudoin stated that the company delivered a strong finish to FY14, with revenue, EPS and bookings above its guidance ranges. He added that in FY14, recurring revenues represented 64% of total revenue, up 6 percentage points from last year, as the company continues to transition its revenue model toward more stable, predictable recurring revenue streams. Our free coverage report can be accessed at:

http://www.investor-edge.com/register

Earnings Overview 

During Q4 FY14, Nuance's GAAP revenue increased to $502.3 million from $472.2 million in Q4 FY13. The company's Q4 FY14 revenue fell short of Bloomberg analysts' forecasts of $510.8 million. Nuance's Q4 FY14 revenue from its Professional services and hosting segment increased to $233.6 million from $208.4 million in Q4 FY13, and for its Maintenance and support segment the revenues increased to $79.2 million in Q4 FY14 from $71.5 million in Q4 FY13. Meanwhile, the company's Q4 FY14 revenue from its Product and licensing segment decreased to $189.5 million from $192.3 million in Q4 FY13. In addition, Nuance's healthcare solutions and mobile and consumer solutions, reported Q4 FY14 non-GAAP revenue of $238.3 million and $116.9 million, respectively. Nuance's enterprise solutions and document imaging solutions reported Q4 FY14 non-GAAP revenues of $95.6 million and $69.5 million, respectively. Further, Nuance's Q4 FY14 bookings increased 24.5% to $619.6 million from $497.7 million in Q4 FY13. The free research on NUAN can be downloaded as in PDF format at:

http://get.Investor-Edge.com/pdf/?c=Nuance%20Communications&d=16-Dec-2014&s=NUAN

On a non-GAAP basis, Nuance reported a Q4 FY14 net income of $107.6 million, or $0.33 per diluted share, compared to $95.2 million, or $0.30 per diluted share, in Q4 FY13. Meanwhile, Nuance's Q4 FY14 GAAP net loss narrowed to $1.5 million, from a GAAP net loss of $32.3 million in Q4 FY13.  

For FY14, the company reported GAAP revenue of $1,923.5 million compared to $1,855.3 million in FY13. Nuance's FY14 revenue from its Professional services and hosting segment increased to $910.9 million from $832.4 million in FY13, and for its Maintenance and support segment revenues increased to $301.5 million in FY14 from $269.2 million in FY13. However, Nuance's FY14 revenue from its Product and licensing segment decreased to $711.0 million from $753.7 million in FY13. In addition, Nuance's healthcare solutions and mobile and consumer solutions reported FY14 non-GAAP revenues of $942.7 million and $451.0 million, respectively. Nuance's enterprise solutions and document imaging solutions reported FY14 non-GAAP revenues of $357.1 million and $236.3 million, respectively. Further, the company's FY14 bookings grew 27.4% to $2,441.9 million from $1,916.5 million in FY13, exceeding its updated guidance range of $2.35 billion to $2.40 billion. Sign up and read the free analyst's notes on NUAN at:

http://get.Investor-Edge.com/pdf/?c=Nuance%20Communications&d=16-Dec-2014&s=NUAN

During FY14, the company reported GAAP loss from operations of $21.4 million, as compared to GAAP income from operations of $48.5 million in FY13. In FY14, Nuance reported a GAAP net loss of $150.3 million, or $0.47 loss per diluted share, compared to a net loss of $115.2 million, or $0.37 loss per diluted share, in FY13. Analysts from Bloomberg had expected the company to report a GAAP net loss of $196.9 million, or $0.62 loss per diluted share, in FY14. Further, on a non-GAAP basis, the company's FY14 net income narrowed to $360.1 million, or $1.12 per diluted share, from $428.0 million, or $1.33 per diluted share, in FY13.

Stock Performance  

On the day following the earnings release, November 25, 2014, Nuance's stock ended the session at $15.59, up 1.83%. Since then, the company's stock has mostly witnessed a negative trend. On the last close, Monday, December 15, 2014, the stock finished 0.21% higher at $14.03, after vacillating between $13.82 and $14.13. A total of 2.49 million shares were traded, which was above its three months average volume of 2.31 million shares. Over the previous three trading sessions and over the last one month, the company's shares have lost 0.57% and 10.01%, respectively. Further, the stock has fallen by 7.70% since the start of 2014. Shares in Nuance closed below their 50-day and 200-day moving averages of $14.94 and $16.33, respectively. Furthermore, the stock has a Relative Strength Index (RSI) of 29.28. Visit Investor-Edge and access the latest research on NUAN at:

http://get.Investor-Edge.com/pdf/?c=Nuance%20Communications&d=16-Dec-2014&s=NUAN

Sneak Peek to Corporate Insider Trading 

In the last one month Nuance has not reported any share transactions by insiders to the U.S. Securities and Exchange Commission (SEC). Complimentary in-depth research on NUAN is available at:

http://get.Investor-Edge.com/pdf/?c=Nuance%20Communications&d=16-Dec-2014&s=NUAN

About Investor-Edge.com 

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