Nuance Announces Second Quarter 2021 Results
News provided by
Share this article
Share this article
BURLINGTON, Mass., May 10, 2021 /PRNewswire/ Nuance Communications, Inc. (NASDAQ: NUAN) today announced financial results for its second quarter ended March 31, 2021:
GAAP revenue of $347.0 million and GAAP earnings per diluted share of $0.04.
Non-GAAP revenue of $347.0 million and non-GAAP earnings per diluted share of $0.20. Q2 marked a solid quarter in which we delivered on our strategic and financial objectives, said Mark Benjamin, Chief Executive Officer at Nuance. This execution translated to both our top-line and bottom-line, with revenue within our guidance range expectations and EPS exceeding our expectations. In Healthcare, we delivered a healthy ARR performance as we continued to advance our strategic cloud-first approach. This led in part to an acceleration of our Dragon Medical & DAX Cloud revenue, which grew 30% year-over-year. Overall, total Healthcare Reven
Nuance Communications, Inc. (NASDAQ: NUAN)
WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of
Nuance Communications, Inc. (NASDAQ: NUAN) in connection with the proposed merger acquisition of the company by Microsoft Corporation. Under the terms of the merger agreement, the company s shareholders will receive only $56.00 per share in cash for each share of NUAN common stock that they hold. If you own NUAN shares and wish to discuss this investigation or your rights, please call us or visit our website: https://www.weisslawllp.com/nuan/
Mackinac Financial Corporation (NASDAQ: MFNC)
23
Global Healthcare Chatbots Market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of healthcare chatbots market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Global Healthcare Chatbots Market is expected to rise from its initial estimated value of USD 122.0 million in 2018 to an estimated value of USD 542.3 million by 2026 registering a CAGR of 20.5% in the forecast period of 2019-2026. This rise in the market can be attributed to the rising adoption of smart device and increasing connectivity.
Quarterly Results
Earnings per share were down 4.76% year over year to $0.20, which beat the estimate of $0.17.
Revenue of $346,977,000 declined by 6.11% year over year, which beat the estimate of $344,050,000.
Looking Ahead
Revenue guidance hasn t been issued by the company for now.
Recent Stock Performance
52-week low: $18.84
Company Description
Nuance Communications Inc is the pioneer in conversational AI innovations that bring intelligence to everyday work and life. The company delivers solutions that understand, analyze, and respond to people amplifying human intelligence to increase productivity and security. Its operating segment includes Healthcare; Enterprise; and Other. The company generates maximum revenue from the Healthcare segment. Its Healthcare segment is primarily engaged in providing clinical speech and clinical language understanding solutions that improve the clinical documentation process, from capturing the complete patient record to improving clinical d
BusinessWorld
May 10, 2021 | 12:04 am
Senior Reporter
MICROSOFT Philippines, Inc. is looking to bring conversational artificial intelligence (AI) capabilities to health-care institutions in the country to help them address their patients’ needs, a top official said.
Abid Zaidi, Microsoft Philippines chief operating officer, told
BusinessWorld in a virtual interview on April 30 that the US-based multinational technology company Microsoft Corp. recently entered into an agreement to acquire Nuance Communications, Inc., a conversational AI solutions provider, for “close to $20 billion.”
“What this means for the Philippines is that, although we have been engaging with health-care institutions here, with AI technology, we’ll be better geared up to address their needs,” he said.