Who are they?
Nuance is a leader in artificial intelligence, particularly voice recognition, across multiple industries including healthcare, financial services and telecommunications,
- Revenue declined slightly compared to the prior year, down to $418.3 million, which still easily topped analysts’ estimates of roughly $406 million.
- The company exceeded both its revenue and earnings-per-share guidance, while also producing margins equal to expectations and posting record revenue in its enterprise business.
- They pivoted to a cloud provision, which generates more recurring revenue
It’s stock is trading 30.9% below all time high, at the time of writing.