Leerink Partners Cuts Price Target on Nuance Communications (NUAN) Following Mixed Quarter
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Nuance Announces Second Quarter 2016 Results
May 10, 2016 4:01 PM EDTDelivers Strong Net New Bookings and Non-GAAP EPS, and Record Cash Flow from Operations
BURLINGTON, Mass.--(BUSINESS WIRE)-- Nuance Communications, Inc. (NASDAQ: NUAN) today announced financial results for its second quarter fiscal 2016, ended March 31, 2016.
In the second quarter of fiscal 2016, Nuance reported GAAP revenue of $478.7 million, compared to $475.1 million a year ago. Nuance reported non-GAAP revenue of $487.4 million, which includes $8.7 million of revenue lost to accounting treatment in conjunction with acquisitions, and compared to $488.1 million in the second quarter of fiscal 2015. In the second quarter of 2016, total non-GAAP recurring... More
