Nuance Communications (NUAN) Tops Q3 EPS by 3c

Nuance Communications (NASDAQ: NUAN) reported Q3 EPS of $0.32, $0.03 better than the analyst estimate of $0.29. Revenue for the quarter came in at $477.9 million versus the consensus estimate of $480.36 million.

“In our third quarter, Nuance delivered revenue and EPS that exceeded our non-GAAP guidance ranges, and net new bookings that have us on track to our full fiscal year guidance,” said Dan Tempesta, Nuance CFO. “Last quarter, we announced a formal transformation program with a goal of delivering $125 million in annualized expense reductions by the end of fiscal 2016. Actions taken to date under that program are expected to deliver $50 million in annualized expense reductions and contributed to improved third quarter EPS, operating margin and operating cash flow.”

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

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