Canaccord Genuity Raises Price target on Nuance Communications (NUAN) Following 4Q
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Nuance Announces Fourth Quarter and Fiscal Year 2015 Results
November 16, 2015 4:01 PM ESTReports Non-GAAP Revenue and EPS above Guidance, Record Cash Flow and Fifth Consecutive Quarter of Improvement in Key Financial Metrics
BURLINGTON, Mass.--(BUSINESS WIRE)-- Nuance Communications, Inc. (NASDAQ: NUAN) today announced financial results for its fiscal 2015 and fourth quarter, ended September 30, 2015.
Fiscal Fourth Quarter PerformanceIn the fourth quarter of fiscal 2015, Nuance reported GAAP revenue of $504.1 million, up from $502.3 million a year ago. Nuance reported non-GAAP revenue of $513.3 million, which includes $9.2 million of revenue lost to accounting treatment in conjunction with acquisitions, compared to $520.3 million in the fourth quarter of fiscal... More
