Nuance Communications' Loss Widens

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]