Nuance Communications' second-quarter revenue surpassed the Street's expectations, but expenses soared, expanding the company's loss.
Revenue at the speech-recognition software developer was up 63% to $219.9 million, including deferred revenue lost to accounting from several acquisitions, from a top line of $134.6 million for the same quarter of last year. Analysts were expecting revenue of $214.3 million, according to Thomson Reuters.
The Burlington, Mass., company posted a loss of $28.8 million, or a loss of 13 cents a share, as the expense of hosting subscription-based software services more than doubled. [click heading for more]
www.getdesign.in - My periodic blog exploring the world of business, experience design and interaction, with a smattering of gadgetry and social media. A world where business, people and technology meet.
Let's Fix Things: For over two decades I've been consulting in Communications Design: Everything from business strategy and processes, through to technology, interaction and customer experience. The thoughts here are my own, not necessarily that of my employer.
I have a penchant for spotting patterns and fixing broken user and customer experiences. Even my Bumblebee project hasn't escaped - I've been using Six Sigma techniques to study and predict their behaviour patterns. ☺