Nuance 2014 Q1 GAAP revenue up slightly

Nuance Communications, Inc. (NASDAQ: NUAN) said that in the first quarter of fiscal 2014, its GAAP revenue was USD470.0m, compared to USD462.3m in the first quarter of fiscal 2013.

Nuance reported non-GAAP revenue of USD490.1m, which includes USD20.1m in revenue lost to accounting treatment in conjunction with acquisitions, compared to USD492.4m in the first quarter of fiscal 2013. In the first quarter of fiscal 2014, Nuance reported bookings of USD637.3m, up 26.2% from USD504.9m in the first quarter of fiscal 2013.

In the first quarter of fiscal 2014, Nuance recognized GAAP net loss of (USD55.4)m, or (USD0.18) per share, compared with GAAP net loss of (USD22.1)m, or (USD0.07) per share, in the first quarter of fiscal 2013.

In the first quarter of fiscal 2014, Nuance reported non-GAAP net income of USD76.6m, or USD0.24 per diluted share, compared to non-GAAP net income of USD113.0m, or USD0.35 per diluted share, in the first quarter of fiscal 2013.

Nuance Communications is a provider of voice and language 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 devices and systems.For more information, visit www.nuance.com.

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