Nuance Communications Inc. (Nasdaq: NUAN) heeft de financiële resultaten bekend gemaakt over het vierde kwartaal van 2006. Volgens Paul Ricci, voorzitter en CEO van Nuance, is Nuance dit fiscale jaar sterk geëindigd. Er is een behoorlijke inkomstengroei gerealiseerd door de forse toename van de verkoop van spraakoplossingen. Met name de introductie van Dragon NaturallySpeaking bezorgde Nuance een recordgroei. Meer highlights vindt u in onderstaand bericht.
Nuance Announces Fiscal 2006 Fourth Quarter Results
Strong Performance in Speech Drives Revenues above Preliminary Estimates
Amsterdam, 15 november 2006 – Nuance Communications, Inc. (Nasdaq: NUAN) today announced financial results for the fourth quarter ended September 30, 2006.
Nuance reported revenues of $128.2 million in the quarter ended September 30, 2006, a 107 percent increase over revenues of $61.9 million in the quarter ended September 30, 2005. In addition to using GAAP results in evaluating the business, management also believes it is useful to evaluate results using non-GAAP measures. Using a non-GAAP measure, the Company reported non-GAAP revenue of $133.2 million which includes $5.0 million in revenue lost to purchase accounting in conjunction with the Company’s acquisition of Dictaphone Corporation.
On a GAAP basis, Nuance recognized a net loss of $6.7 million, or $(0.04) per share, in the quarter ended September 30, 2006, compared with a net loss of $7.7 million, or $(0.06) per diluted share, in the quarter ended September 30, 2005. Using a non-GAAP measure, Nuance reported non-GAAP net income of $26.4 million, or $0.14 per diluted share, for the period ending September 30, 2006, compared to non-GAAP net income of $5.6 million, or $0.04 per diluted share, in the quarter ended September 30, 2005.
The non-GAAP revenue amount includes revenue lost to purchase accounting in conjunction with the Company’s acquisition of Dictaphone Corporation. The non-GAAP net income amount excludes non-cash taxes and interest, amortization and impairment of intangible assets, non-cash amortization of stock-based compensation, and acquisition-related transition and integration costs and charges. See “GAAP to non-GAAP Reconciliation” below for further information on the Company’s non-GAAP measures. These unaudited results are subject to revision until the Company files its Annual Report on Form 10-K with the Securities and Exchange Commission.
“Nuance had a strong finish to its fiscal year delivering robust revenue growth across all its speech solutions,” said Paul Ricci, chairman and CEO, of Nuance. “In particular, the performance of Dragon NaturallySpeaking and our embedded speech solutions were records for the Company. As we begin 2007, our strong operational performance, accelerating revenues and growing demand for speech solutions provide us with significant confidence and momentum.”
Consistent with the Company’s strategy and recent trends, highlights from the quarter include:
Dictation – Nuance introduced Dragon NaturallySpeaking version 9 to widespread acclaim and customer demand. The launch exceeded Company expectations making it the most successful product introduction in Nuance history. Additionally, Dragon Medical revenues, targeted at healthcare institutions, were exceptionally strong, up more than 100% over the same quarter last year. Overall, revenues for Dragon products in the quarter were an all-time high, up 100 percent from Q4 2005.
Dictaphone Healthcare – In the quarter, Dictaphone healthcare revenues were up sequentially and year-over-year owing to strong demand from new and existing customers. In particular, Nuance signed significant contracts with Banner Health, Children’s Hospital Boston and Sunrise Healthcare, and experienced continued growing contributions from its iChart ASP and professional services operations.
Enterprise Speech – Nuance delivered a strong quarter, particularly in North America, for its enterprise speech solutions with revenues up sequentially and year-over-year. The Company benefited from new and expanded agreements with enterprises and telecommunications providers, including Air France, Charles Schwab, Fidelity Investments, GE Financial Services, Japan Airlines and Vodafone. In addition, the Company strengthened its solutions portfolio with new analytics applications through its partnership with ClickFox as well as enhanced Nuance Speaker Verification solutions.
Embedded Speech – Revenues from embedded speech were a record in the quarter, exceeding $10 million for the first time and up more than 41 percent year-over-year. The performance was driven by strong royalties and accompanied by additional design wins. Within its handset and automotive markets, Nuance secured strategic design wins with Denso, Hyundai, Melco, Nokia, Philips Semiconductor, Samsung, T-Mobile and Toyota.
Search and Communications – Nuance expanded its Search and Communications business team, comprising sales, marketing and product management, to address the exciting new applications and opportunities in the speech market. The Company continued to accelerate revenue growth through a contract with a large Internet search firm, its directory assistance implementations including Jingle Networks, Swisscom and Telus, and early trials for Nuance Mobile speech services.
PDF and Document Solutions – Nuance launched a new version of its PDF Converter portfolio and through continued adoption and strong revenue growth, solidified its position as the leading alternative to Adobe Acrobat. In the quarter, Nuance signed contracts for its imaging solutions with OEMs and enterprises including 3M, Hewlett-Packard, Kodak, Pfizer and Xerox.
Operational Achievement – Nuance continued to focus attention on disciplined acquisition integration, cost synergies and expense controls which resulted in additional improvements and leverage in its operating margins. Gross margins were above expectations, while operating expenses were at target in the quarter. In addition, cash flows from operations were approximately $27 million, up from $13.4 million in Q3 2006 and $7.7 million in Q4 2005. Nuance ended the quarter with cash balances of approximately $112 million.
About Nuance Communications, Inc.
Nuance Communications, Inc. (Nasdaq: NUAN) is a leading provider of speech and imaging solutions for businesses and consumers around the world. Its technologies, applications and services make the user experience more compelling by transforming the way people interact with information and how they create, share and use documents. Every day, millions of users and thousands of businesses experience Nuance’s proven applications. For more information, please visit
www.nuance.com.
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Trademark reference: Nuance, the Nuance logo, Dictaphone, Dragon, and NaturallySpeaking are registered trademarks or trademarks of Nuance Communications, Inc. or its affiliates in the United States and/or other countries. All other trademarks referenced herein are the property of their respective owners.
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