Nuance Communications (NUAN) Tops Q1 EPS by 1c
Nuance Communications (NASDAQ: NUAN) reported Q1 EPS of $0.27, $0.01 better than the analyst estimate of $0.26. Revenue for the quarter came in at $501.65 million versus the consensus estimate of $505.87 million.
"Current momentum in the business and strong market demand and pipeline, provide Nuance with confidence in its second quarter and FY 18 outlook. The Company expects to deliver annual net new bookings growth of between 5% to 7%, and is raising its guidance for organic revenue growth in fiscal year 2018 to be in the range 3% to 5%, up from 2% to 4% previously."
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