Nuance beats Q3 expectations on strong healthcare revenue

While Nuance's results are in line with estimates, the company still blamed currency fluctuations for stifling potential revenue growth.

Nuance released its third quarter earnings report Thursday after the bell.

The voice recognition software giant posted a net loss of $39.4 million, or 13 cents per share (statement).

Non-GAAP earnings were 32 cents per share on revenue of $488.7 million.

Wall Street was expecting earnings of 28 cents per share on revenue of $480.36 million.

While Nuance's results are in line with expectations, the company still blamed currency fluctuations -- a common scapegoat in earnings misses this year -- for stifling revenue growth. Nuance said that if Q3 2014 currency rates were applied to the same quarter this year, revenue would have been approximately $17 million higher.

Nuance also acknowledged that it lost $10.8 million of revenue due to "accounting treatment in conjunction with acquisitions."

In terms of segment growth, Nuance is still riding on the success of its healthcare division, which brought in the most revenue overall. Mobile/consumer, enterprise, and imaging solutions all trailed, respectively.

Nuance saw net new bookings in Q3 come in at $484.4 million, an increase of 47 percent from the year prior. The company attributed the booking growth to several "unusually large contracts" in its automotive business, as well as growth in its healthcare business.

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For the current quarter, Nuance expects non-GAAP revenues to fall between $497 million and $513 million, and non-GAAP EPS from 33 cents to 37 cents.