Nuance Communications (NASDAQ: NUAN) misses

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Monday, February 13, 2012 at 7:52AM

Nuance Communications (NASDAQ: NUAN) fell short of last week's analyst expectations. For the first quarter of fiscal 2012 company earned its GAAP-based revenue near $360.6 million, depicting an increment of 18.7% as compared to GAAP revenue of $303.8 million in the first quarter of fiscal 2011. Analyst had predicted 28.5%.

However on other side company’s non-GAAP revenue recorded $382.0 million, including about $21.4 million of lost of revenue to accounting treatment in collaboration with acquisitions.

Meantime. Nuance’s non-GAAP revenue surged 20.4% for first quarter fiscal 2012 as compared to non-GAAP revenue of $317.3 million in the same quarter last year.

More to come.

Michael W Sweeney |

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