Nuance books double-digit losses, revenue increase for Q1

Justine Varieur Cadet | | Health Imaging | Artificial Intelligence
Nuance Communications saw an increase in both net losses and revenue for its fiscal 2009 first quarter, which ended Dec. 31, 2008.

Based on generally accepted accounting principles (GAAP), the Burlington, Mass.-based company recognized a net loss of $24.6 million for the quarter, compared with a net loss of $15.4 million in the same period last year.

Nuance reported GAAP revenues of $216.8 million in the first quarter, an 11 percent increase over GAAP revenues of $195 million in the prior-year quarter. It also reported non-GAAP revenue of approximately $244.4 million, which includes $27.6 million in revenue lost to accounting treatment, in conjunction with its business and technology acquisitions. Specifically, the non-GAAP earnings include revenue related to its acquisitions, primarily from Phillips Speech Recognition Systems, Tegic and VoiceSignal, the company said.

Justine Varieur Cadet

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