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Technology Stocks : Nuance Communications, Inc.
NUAN 16.97-0.7%8:10 PM ESTNews

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From: Sr K11/16/2015 6:59:13 PM
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Up 6.92% AH after reporting fiscal year-end 2015

Nuance Announces Fourth Quarter and Fiscal Year 2015 ResultsBURLINGTON, Mass.--(BUSINESS WIRE)--

Nuance Communications, Inc. ( NUAN) today announced financial results for its fiscal 2015 and fourth quarter, ended September 30, 2015.

Fiscal Fourth Quarter Performance
In the fourth quarter of fiscal 2015, Nuance reported GAAP revenue of $504.1 million, up from $502.3 million a year ago. Nuance reported non-GAAP revenue of $513.3 million, which includes $9.2 million of revenue lost to accounting treatment in conjunction with acquisitions, compared to $520.3 million in the fourth quarter of fiscal 2014. Fourth quarter 2015 revenue was negatively affected by currency fluctuations as well. If fourth quarter 2014 currency rates were applied to fourth quarter 2015 non-GAAP revenue, Nuance would have achieved approximately 1% organic non-GAAP revenue growth for the quarter. In the fourth quarter of 2015, total recurring revenue was $347.0 million and represented 68% of total non-GAAP revenue, compared to $325.7 million and 63% a year ago. In the fourth quarter of fiscal 2015, Nuance reported net new bookings of $357.4 million, up 8.7% from $328.8 million a year ago. If fourth quarter 2014 currency rates were applied to Nuance’s fourth quarter 2015, net new bookings would have been up 12% from a year ago.
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