Nuance Communications, Inc. (NUAN) Tops Q2 EPS by 5c

Nuance Communications, Inc. (NASDAQ: NUAN) reported Q2 EPS of $0.28, $0.05 better than the analyst estimate of $0.23. Revenue for the quarter came in at $475.7 million versus the consensus estimate of $484.17 million.

Nuance’s second quarter fiscal 2014 non-GAAP operating margin was 23.9%, down from 29.1% in the second quarter of fiscal 2013. Nuance reported cash flow from operations of $87.0 million in the second quarter of fiscal 2014, down from $93.1 million in the second quarter of fiscal 2013. Nuance ended the second quarter of fiscal 2014 with total deferred revenue of $504.9 million, compared to $388.3 million a year ago. Nuance ended the second quarter of fiscal 2014 with a balance of cash, cash equivalents and marketable securities of $809.5 million. As of March 31, 2014, Nuance had repurchased 11.441 million shares of common stock at an average price per share of $18.43, for a total amount of $210.8 million.

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

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