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Technology Stocks : Nuance Communications, Inc.
NUAN 55.990.0%Mar 3 4:00 PM EDT

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From: Jorgen Jensen5/9/2019 3:29:32 PM
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May 8, 2019 4:59 PM ET|
Nuance Communications (NASDAQ: NUAN) is up 1.5% after it cleared expectations in its fiscal Q2 earnings, with a better-than-expected revenue decline and EPS that grew more than 25% amid strength in Dragon Medical, Automotive and Enterprise cloud.

Net income grew to $84.8M from $68.4M, on revenues that dipped to $451M. Recurring revenue was $354.4M, up 250 basis points proportionally.

Operating margin (non-GAAP) was 27.3%, down from 24.2%.

Revenue by segment (comparing on ASC 605 basis): Hosting and professional services, $264.3M (down 3.3%); Product and licensing, $124.2M (down 4.8%); Maintenance and support, $60.5M (down 2.9%).

Operating cash flow (continuing operations) was $111.6M, up from $97.4M a year ago; it was 132% of non-GAAP net income.

Conference call to come at 5 p.m. ET.

In prepared remarks, it updated guidance and urged a segment trend look in a "year of transition." It's narrowed revenue guidance around a midpoint of $1.868B, with 2-4% growth in strategic segments.

It sees Enterprise revenue of $503M-$511M, up from a previous $490M-$500M, and healthcare revenue of $981M-$995M, down from a previous $989M-$1.011B.
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