Nuance Communications (NUAN) Tops Q4 EPS by 6c; Issues Light Q1 Outlook

(Updated - November 24, 2014 4:11 PM EST)

Nuance Communications (NASDAQ: NUAN) reported Q4 EPS of $0.33, $0.06 better than the analyst estimate of $0.27. Revenue for the quarter came in at $502.3 million versus the consensus estimate of $510.8 million.

Highlights from the quarter include:

• Healthcare – For Nuance’s healthcare solutions, fourth quarter fiscal 2014 non-GAAP revenue was $238.3 million and FY 14 non-GAAP revenue was $942.7 million. Key customers in the quarter included Avera Health, BayCare, Cambridge Trusts, Cleveland Clinic, Froedtert, Group Memorial Health, Inova, Intermountain, Lahey, Providence, Scottsdale Health, and University of Colorado.
• Mobile & Consumer – For Nuance’s mobile and consumer solutions, fourth quarter fiscal 2014 non-GAAP revenue was $116.9 million and FY 14 non-GAAP revenue was $451.0 million. Key customers and OEM design wins in the quarter included Acer, AMD, AT&T, BMW, Bosch, Continental, Daimler, Fiat/Chrysler, Great Wall Motors, Harman Becker, Hisense, Honda, Mahindra, Melco, Motorola, Orange, Panasonic, Parrott, Rogers, Samsung, Scania, Shoretel, TCL, Telefonica, Volvo, and Yanfeng Visteon.
• Enterprise – For Nuance’s enterprise solutions, fourth quarter fiscal 2014 non-GAAP revenue was $95.6 million and FY 14 non-GAAP revenue was $357.1 million. Key customers in the quarter included American Airlines, Australia Department of Human Services, Banco Santander, Bank of America, Barclays, Citigroup, Delta Airlines, Delta Dental, Health Care Service Corporation, Jubilant FoodWorks (Domino’s India), Public Service Enterprise Group, Talk Talk, Telstra, UnitedHealth Group, Wellpoint, and Wells Fargo Bank.
• Imaging – For Nuance’s document imaging solutions, fourth quarter fiscal 2014 non-GAAP revenue was $69.5 million and FY 14 non-GAAP revenue was $236.3 million. Key customers in the quarter included ABN Amro, Ashurst, Balabit, Barclays, Brother, Citigroup, CSC, Ernst & Young, HP, Laing Rourke, Neat, NOV, UPS and Visma.

Nuance sees Q1 adjusted EPS of $0.21 - $0.23 and revs of $480 - $490 million, versus the consensus of $0.27 and $500.6 million.

Nuance is also looking for FY15 revs of $2.02 - $2.08 billion and EPS of $1.10 - $1.20, with estimates at $2.07 billion and EPS of $1.14.

For earnings history and earnings-related data on Nuance Communications (NUAN) click here.

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