Oppenheimer Remains Bullish on Nuance Communications (NUAN) Following Mixed 3Q
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Nuance Announces Third Quarter 2016 Results
August 8, 2016 4:01 PM EDTAchieves Strong Cash Flows, Operating Margins, and EPS Amid Continuing Transition to Recurring Revenue Models
BURLINGTON, Mass.--(BUSINESS WIRE)-- Nuance Communications, Inc. (NASDAQ: NUAN) today announced financial results for its third quarter fiscal 2016, ended June 30, 2016.
In the third quarter of fiscal 2016, Nuance reported GAAP revenue of $477.9 million, compared to $477.9 million a year ago. Nuance reported non-GAAP revenue of $484.9 million, which includes $7.0 million of revenue excluded from GAAP revenue due to accounting treatment in conjunction with acquisitions, as compared to $488.7 million in the third quarter of fiscal 2015. In the third... More
