• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Our Services
  • Contact Us
  • Newsletter
  • Top Nav Social Icons

FindBiometrics

FindBiometrics

Global Identity Management

  • Biometrics
    • What are Biometrics?
    • FAQ
    • Biometric Associations
    • Companies
    • Premier Partners
  • News
    • Featured Articles
    • Interviews
    • Thought Leadership
    • Podcasts
    • Webinars
    • Year in Review
  • Applications
    • Biometric Security
    • Border Control and Airport Biometrics
    • Consumer and Residential Biometrics
    • Financial Biometrics
    • Fingerprint & Biometric Locks
    • Healthcare Biometrics
    • Justice and Law Enforcement Biometrics
    • Logical Access Control Biometrics
    • Mobile Biometrics
    • Other Biometric Applications
    • Physical Access Control Biometrics
    • Biometric Time and Attendance
  • Solutions
    • Behavioral Biometrics
    • Biometric Sensors and Detectors
    • Facial Recognition
    • Biometric Fingerprint Readers
    • Hand Readers & Finger Scanners
    • Iris Recognition
    • Biometric Middleware and Software
    • Multimodal Biometrics
    • Physiological Biometrics
    • Smart Cards
    • Vein Recognition
    • Voice and Speech Recognition
  • Stocks
  • Events
  • Companies
  • Podcasts

Nuance Show Enterprise ‘Overachievement’ in Q2 Update

May 14, 2019

“…Nuance emphasized that its performance exceeded the expectations of its leadership in terms of margins and earnings per share, and delivered revenues at the high end of its guidance range.”

Nuance Show Enterprise 'Overachievement' in Q2 Update

Nuance Communications has issued its results for the second quarter of 2019, illustrating a stronger than expected performance in certain areas.

Effective October 1st of last year, Nuance adopted the ASC 606 revenue recognition standard, which doesn’t require it to recast older financial reports. But the company has still published its latest results under the old ASC 605 standard, showing a year-over-year drop in revenues of $17.2 million together with a massive jump in GAAP net income, which rose from a loss of $167.1 million in Q2 of 2018 to a profit of $3.1 million in this latest quarter.

Nuance’s ASC 606 GAAP revenues for Q2 of 2019 came in at $409.6 million, while the company reported a GAAP net loss of $20.7 million.

It’s a bit of a muddy picture, but in its commentary on the results, Nuance emphasized that its performance exceeded the expectations of its leadership in terms of margins and earnings per share, and delivered revenues at the high end of its guidance range. “We achieved this favorable outcome due to revenue overachievement in our Enterprise business, disciplined expense management and a better revenue mix in Healthcare,” the voice biometrics and speech interface specialist explained.

In accordance with the strong performance, Nuance’s leadership have decided to raise their full-year operating margin and EPS guidance. They have also narrowed their revenue guidance for the 2019 fiscal year while maintaining the midpoint of $1.868 billion.

The quarterly update comes on the heels of Nuance’s announcement that it had partnered with Banma to bring enhance speech recognition technology to China-made smart cars.

–

May 14, 2019 – by Alex Perala

Related News

  • Healthcare, Security and Engagement Solutions Drive Revenues in Nuance Q4 UpdateHealthcare, Security and Engagement Solutions Drive Revenues in Nuance Q4 Update
  • Enterprise Biometrics, Healthcare Drive Revenues in Nuance UpdateEnterprise Biometrics, Healthcare Drive Revenues in Nuance Update
  • Nuance Delivers Solid Q2 Results Ahead of Microsoft MergerNuance Delivers Solid Q2 Results Ahead of Microsoft Merger
  • Microsoft to Acquire Nuance in $16B DealMicrosoft to Acquire Nuance in $16B Deal
  • Nuance Offers Faster Voice Authentication with New Lightning EngineNuance Offers Faster Voice Authentication with New Lightning Engine
  • Nuance Finds New Investor Relations SVP Ahead of  Release of Q2 ResultsNuance Finds New Investor Relations SVP Ahead of Release of Q2 Results

Filed Under: News, Stocks Tagged With: Biometric, biometrics, enterprise solutions, HealthCare, Nuance, Nuance Communications, Q2 updates, quarterly updates, speech recognition, voice recognition

Primary Sidebar

Identity is Shaping Air Travel – Time to Invest

Sponsored Links

facetec logo

FaceTec’s patented, industry-leading 3D Face Authentication software anchors digital identity, creating a chain of trust from user onboarding to ongoing authentication on all modern smart devices and webcams. FaceTec’s 3D FaceMaps™ make trusted, remote identity verification finally possible. As the only technology backed by a persistent spoof bounty program and NIST/iBeta Certified Liveness Detection, FaceTec is the global standard for Liveness and 3D Face Matching with millions of users on six continents in financial services, border security, transportation, blockchain, e-voting, social networks, online dating and more. www.facetec.com

TECH5 logo

TECH5 is an international technology company founded by experts from the biometrics industry, which focuses on developing disruptive biometric and digital ID solutions through the application of AI and Machine Learning technologies.

TECH5 target markets include both Government and Private sectors with products powering Civil ID, Digital ID, as well as authentication solutions that deliver identity assurance for various use cases. 

Learn more: www.tech5.ai

Mobile ID World Logo

Mobile ID World is here to bring you the latest in mobile authentication solutions and application providers. Our company is dedicated to providing users with the best content and cutting edge information on technology, news, and mobile solutions for your mobile identity management needs.

Recent Posts

  • NECAM Gets a New CEO: Identity News Digest
  • Onfido Delivers 15-second Identity Verification for UK’s Co-operative Bank
  • Two-Thirds of the Planet Have Biometric ID – ZKTeco USA President Manish Dalal at ISC West 2023
  • Biometrics and Mobile ID on the Innovation Highway: Sponsors and Sessions Announced
  • Who Are Moscow’s Surveillance Tech Vendors?—Identity News Digest

Biometric Associations

IBIA and fido

Tweets

Footer

  • About Us
  • Company Directory
  • Advertise With Us
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • Archives
  • CCPA: Do not sell my personal info.

Follow Us

Copyright © 2023 FindBiometrics