Nuance Communications, a leading voice recognition player, reported a better-than-expected third quarter, said it notched key design wins and largely rode its healthcare business.
The company reported a third quarter net loss of $35 million, or 11 cents a share, on revenue of $469.8 million, up 9 percent from a year ago. Non-GAAP earnings were 34 cents a share on non-GAAP sales of $490.8 million. Wall Street was expecting non-GAAP earnings of 32 cents a share on non-GAAP revenue of $487.6 million.
By vertical, Nuance rode its healthcare unit, which saw sales jump 29.1 percent from a year ago. On the mobile and consumer front, Nuance said non-GAAP sales fell 16.2 percent. However, Nuance said it won design wins with Amazon, AMD, Apple, HTC, Huawei, Samsung and others.
Enterprise revenue was up 5.9 percent from a year ago and imaging revenue was up 10.6 percent from a year ago.
Paul Ricci, Nuance CEO, said that the company continues to set up recurring revenue streams as it targets connected cars, televisions and healthcare with its voice recognition technologies.