Nuance Communications (NUAN) Tops Q1 EPS by 3c

Nuance Communications (NASDAQ: NUAN) reported Q1 EPS of $0.25, $0.03 better than the analyst estimate of $0.22. Revenue for the quarter came in at $474 million versus the consensus estimate of $486.87 million.

“First quarter revenue and EPS exceeded our targets. First quarter recurring revenues represented 66% of total revenue, up 3 percentage points from last year’s first quarter, while we continue to transition our revenue model toward more stable, predictable recurring revenue streams. Our recurring revenues continue to benefit the business as we sustained growth in deferred revenue and operating cash flow and delivered our second consecutive quarter of year-over-year improvement in EPS and operating margin,” said Tom Beaudoin, Nuance CFO.

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

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