Nailed this one like I said yesterday and with the news out that they will beat earnings this is looking sweeter and sweeter...We will see a return to $30 levels now just before earnings and BEYOND THAT!!!
http://www.rttnews.com/1869414/nuance-sees-q2-adj-eps-between-0-42-and-0-43.aspx?type=qf
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In just 3 trading days, NUAN has accomplished quite a bit...
The R/S has risen from a 21 to 49. Still not a great number but in that span of time, it is very encouraging. Now that the "trend line" has been broken to the upside, the past 3 trading days have used its "support line" upon which to perch for a rest. The acc/dis is now "C" instead of Thursday's "D-". Lastly, the money flowing INto NUAN expanded in as many days. So taking this fact at face value, it's a fairly good guess that some institution[s] are buying the dips the past two days...just not hand-over fist yet, but there has been significant progress in those few trading days past. Just thought you'd like to know... |
NEWS IS OUT!!!
http://www.marketwatch.com/story/nuance-announces-second-quarter-fiscal-2012-results-2012-05-10
BURLINGTON, Mass., May 10, 2012 (BUSINESS WIRE) -- Nuance Communications, Inc. NUAN +1.86% today announced financial results for its second quarter of fiscal 2012, ended March 31, 2012.
Nuance reported GAAP revenue of $390.3 million in the second quarter of fiscal 2012, a 22.4% increase over GAAP revenue of $319.0 million in the second quarter of fiscal 2011. Nuance reported non-GAAP revenue of $417.7 million, which includes $27.4 million in revenue lost to accounting treatment in conjunction with acquisitions. Second quarter fiscal 2012 non-GAAP revenue grew 25.8% over non-GAAP revenue of $332.0 million in the same quarter last year.
In the second quarter of fiscal 2012, Nuance recognized GAAP net income of $0.9 million, or $0.00 per diluted share, compared with GAAP net income of $1.7 million, or $0.01 per diluted share, in the second quarter of fiscal 2011. In the second quarter of fiscal 2012, Nuance reported non-GAAP net income of $138.8 million, or $0.43 per diluted share, compared to non-GAAP net income of $99.9 million, or $0.32 per diluted share, in the second quarter of fiscal 2011. Nuance's second quarter fiscal 2012 non-GAAP operating margin was 36.8%, up from 32.9% in the second quarter of fiscal 2011. Nuance reported cash flow from operations of $100.5 million in the second quarter of fiscal 2012, compared to $96.1 million in the second quarter of fiscal 2011. Nuance ended the second quarter of fiscal 2012 with a balance of cash and marketable securities of $976.8 million.
Please refer to the "Discussion of Non-GAAP Financial Measures" and to the "GAAP to Non-GAAP Reconciliations," included elsewhere in this release, for more information regarding the company's use of non-GAAP measures.
"Across our markets, we are experiencing unprecedented interest in voice and natural language systems that understand user intent, create conversational outcomes, and deliver answers to complex questions," said Tom Beaudoin, Nuance executive vice president and CFO. "Strong performance in all of our markets enabled us to deliver 15% organic revenue growth in the quarter."
In the second quarter, Nuance delivered 26% non-GAAP revenue growth and 39% non-GAAP net income growth. Revenue growth was broad based across markets and across revenue types. Healthcare revenue growth was driven by increasing volume in Nuance's on-demand business as well as record license revenue in Dragon Medical and Diagnostic systems. Mobile & Consumer revenue growth was driven by license revenue for handsets, automobiles and other consumer electronics, as well as increasing mobile services volumes. Enterprise revenue growth was driven by increased on-premise licenses, maintenance and on-demand systems. Imaging revenue growth was driven by increasing deal sizes in networked MFP solutions.
Across Nuance's markets, customer interest in voice applications is increasing rapidly, resulting in record on-demand bookings in the quarter. In particular, recently released virtual assistant capabilities resulted in handset, television and automobile bookings and design wins, including a material contract with a leading consumer electronics manufacturer for voice services across mobile devices and entertainment platforms. In addition, next-generation conversational and natural-language applications are driving demand and accelerated bookings for Nuance's Healthcare and Enterprise businesses. On-demand bookings, led by Nuance's Healthcare and Mobile & Consumer businesses, enabled 13% growth in the estimated 3-year value of on-demand contracts.
Highlights from the quarter include:
-- Healthcare -- For Nuance's healthcare solutions, second quarter non-GAAP revenue was $149.9 million, up 23.9%, as reported, from the same quarter last year. During the second quarter, new bookings included large eScription, Dragon Medical and radiology contracts. Key healthcare customers included Aurora, BayCare, Cleveland Clinic, Covenant, Massachusetts General, MHHS, Parkview Health, Poudre Valley, Providence, Radiologic Associates, St. Joseph Health, Shands Jacksonville, University of Connecticut, and Vanguard.
-- Mobile & Consumer -- For Nuance's mobile and consumer solutions, second quarter non-GAAP revenue was $115.1 million, up 22.8%, as reported, from the same quarter last year. Key mobile customers, new bookings or design wins in the quarter included AT&T, Daimler, Freedom Scientific, Kyocera, LG, Nintendo, Nissan, Nokia, NTT DoCoMo, Optus, Panasonic, Real Networks, Renault, Samsung, Spansion, Stryker, Telstra, Toyota, US Cellular, and Verizon.
-- Enterprise -- For Nuance's enterprise solutions, second quarter non-GAAP revenue was $91.4 million, up 23.5%, as reported, from the same quarter last year. Key enterprise customers in the quarter included AT&T, Barclays, Caremark, Centrelink, Cigna, Comcast, Delta Airlines, Deutsch Bank, Eckoh, E*Trade, HMRC, Horizon Healthcare, Lloyd's, PG&E, and Time Warner.
-- Imaging -- For Nuance's document imaging solutions, second quarter non-GAAP revenue was $61.3 million, up 41.6%, as reported, from the same quarter last year. Nuance achieved key second quarter bookings and design wins with Citibank, Edwards Wildman, Hyland Software, Leonard Street, Northern Ireland, Norwegian Tax Authorities, and PricewaterhouseCoopers.
Conference Call and Prepared Remarks
Nuance is providing a copy of prepared remarks in combination with its press release. These remarks are offered to provide shareholders and analysts with additional time and detail for analyzing results in advance of the company's quarterly conference call. The remarks will be available at http://www.nuance.com/earnings-results/ in conjunction with the press release.
As previously scheduled, the conference call will begin today, May 10, 2012 at 5:00 pm EDT and will include only brief comments followed by questions and answers. The prepared remarks will not be read on the call. To access the live broadcast, please visit the Investor Relations section of Nuance's Website at www.nuance.com . The call can also be heard by dialing (800) 553-0358 or (612) 332-0632 at least five minutes prior to the call and referencing code 245812. A replay will be available within 24 hours of the announcement by dialing (800) 475-6701 or (320) 365-3844 and using the access code 245812
It's really what they needed right now especially since last quarter huge upside potential and I would love it to see if Google or Microsoft came out and offered a buyout...Not going to happen thou since there other assets is not what those companies focus on and the only one I see who can gauge the whole company is Oracle but they are aren't looking anytime soon. Who knows thou maybe Zuckerberg will come out and snatch up Nuan after he goes public lolol
I don't think it's that - that's all just one-time accounting paper. It's the old "What, you're not selling the entire company or the mobile division for a pile of cash?" exit from the speculators. I've been reluctant to move any cash from cash for a while now because of the larger market issues, but @ 22, presents a pretty compelling buying opp for me, even though my position is pretty much full with this one. Will have to mull it over overnight. Numbers and forward guidance looked great, and we saw the first hint of a deal that is rumored to be with Samsung ("including a material contract with a leading consumer electronics manufacturer for voice services across mobile devices and entertainment platforms.") that is going to put their technology in everything from phones to TV's to kitchen appliances. Add in the fact that there's a rumor going around that Nintendo is going to announce at E3 that their next video game console is going to be voice controlled using Nuance's service, and there's a lot going on here.
What I will never understand is why they try to stay so tight-lipped about who they do business with.
