Nuance Q3 solid; Healthcare surges, but mobile falls

Summary: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.

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.

nuan080613a

 

Topics: Enterprise Software, Health, Mobility

About

Larry Dignan is Editor in Chief of ZDNet and SmartPlanet as well as Editorial Director of ZDNet's sister site TechRepublic. He was most recently Executive Editor of News and Blogs at ZDNet. Prior to that he was executive news editor at eWeek and news editor at Baseline. He also served as the East Coast news editor and finance editor at CN... Full Bio

zdnet_core.socialButton.googleLabel Contact Disclosure

Kick off your day with ZDNet's daily email newsletter. It's the freshest tech news and opinion, served hot. Get it.

Related Stories

The best of ZDNet, delivered

You have been successfully signed up. To sign up for more newsletters or to manage your account, visit the Newsletter Subscription Center.
Subscription failed.