#OCR/ICR Nuance Communications, Inc. (NASDAQ: NUAN) today announced financial results for its first quarter fiscal 2016, ended December 31, 2015. In the first quarter of fiscal 2016, Nuance reported GAAP revenue of $486.1 million, up from $474.0 million a year ago. Nuance reported non-GAAP revenue of $494.9 million, which includes $8.8 million of revenue lost to accounting treatment in conjunction with acquisitions, compared to $489.0 million in the first quarter of fiscal 2015.
Ralph Gammon has served as editor of the Document Imaging Report since 1998. In 2002, he purchased the publication and helped launch the publishing company RMG Enterprises.RMG Enterprises, Inc. is a global marketing, consulting, and publishing company. RMG offers a wide array of services to both profit and not-for-profit organizations. RMG’s principals have many years of experience working with companies and individuals in our extensive network of experts. Using our collective knowledge, RMG can provide assistance in virtually all areas of operating, marketing, and growing businesses.RMG focuses on three specific industries. The identification and data capture industry and the document imaging industry. Ralph also works as a freelance consultant and editor for industry vendors and serves as a conference speaker.He has been a contributing editor for trade publications such as Business Solutions, Integrated Solutions and Transform magazines.Ralph is a former newspaper reporter who holds a Bachelor of Arts in professional writing from Gannon University in Erie. Reach Ralph at +1.814.866.2247,
1 2016 first quarter results
Prepared remarks (updated*)
February 09, 2016
© 2016 Nuance Communications, Inc. All rights reserved.
Nuance First Quarter Fiscal 2016
Nuance is providing a copy of these prepared remarks, in combination with its press release, to provide
shareholders and analysts with additional time and detail for analyzing our results in advance of our quarterly
conference call. These prepared remarks will not be read on the call.
The conference call will begin at 5:00 p.m. EST today and will include only brief comments followed by
questions and answers. To access the live broadcast, please visit the Investor Relations section of Nuance’s
website at www.nuance.com. The call can also be heard by dialing 800-553-0358 or 612-332-0636 at least
five minutes prior to the call and referencing code 384849. A replay will be available within 24 hours of the
announcement by dialing 800-475-6701 or 320-365-3844 and using the access code 384849.
Please see the section, “Discussion of Non-GAAP Financial Measures,” later in this document for more
details on our non-GAAP financial measures.
Summary of Business and Financial Trends
In the first quarter of 2016, we continued to improve our performance, evolve our business toward recurring
revenue models, execute upon our transformation program, and position the company for increased future
We delivered non-GAAP revenue of $494.9 million and non-GAAP fully diluted earnings per share of $0.36.
Strong net new bookings in Q1 16 resulted in 2% year-over-year net new bookings growth. In Q1 16, our non-
GAAP gross margin increased by 160 basis points, improving year-over-year for the fourth consecutive quarter.
For Q1 16 compared to the quarter a year ago, non-GAAP operating margin increased by 660 basis points, non-
GAAP diluted EPS grew by $0.11, cash flow from operations increased 48%, and total deferred revenue grew by
18%. We now have seen year-over-year improvement i