BURLINGTON: Nuance released its fourth quarter and fiscal 2015 earnings report Monday after the bell.
The voice recognition software giant posted a net loss of $11 million, or four cents per share.
Non-GAAP earnings were 41 cents per share on revenue of $513.3 million.
Nuance also acknowledged that it lost $9.2 million of revenue due to “accounting treatment in conjunction with acquisitions.”
For fiscal 2015, the company reported net income of $411.6 million, or $1.27 per diluted share, compared to $360.1 million, or $1.12 per diluted share, for fiscal 2014. Nuance also narrowed its GAAP net loss to $115 million, compared to $150.3 million the year prior.
While Nuance’s results are in line with expectations, the company still blamed currency fluctuations — a common scapegoat in earnings misses this year — for stifling revenue growth. Nuance said that if Q4 2014 currency rates were applied to the same quarter this year, the company would have gained one percent in organic revenue growth.
In terms of segment growth, Nuance is still riding on the success of its healthcare division, which brought in the most revenue overall. Mobile/consumer, enterprise, and imaging solutions all trailed, respectively.
Nuance CFO Dan Tempesta praised the company’s “strong finish to its fiscal year,” and touted that revenue, profit, cash flow from operations and the company’s profit margin and net new bookings all “exceeded our expectations.”
For the current quarter, the company sees non-GAAP revenue of $486 million to $498 million, or which at the midpoint is below estimates for $491 million.
