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Nuance Communications Updates FY18 Organic Growth Estimates - Quick Facts


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(RTTNews.com) - Nuance Communications, Inc. ( NUAN ) announced, due primarily to the significant changes in the company's SRS business and outlook, it revised fiscal 2018 growth estimates to 2% to 4% organic growth from 3% to 5% organic growth. The company reiterated its expectation for 5% to 7% growth in net new bookings in fiscal 2018.

For second-quarter, non‑GAAP revenue was $518.3 million, up 1%, compared to $511.1 million in the second quarter of fiscal year 2017. Organic revenue growth was 1% compared to the prior year, led by 8% growth in Healthcare and 12% growth in Automotive. Net new bookings were $376.6 million, down 8%, from $410.4 million a year ago.

Second-quarter non-GAAP net income was $79.1 million, or $0.27 per diluted share, compared to non-GAAP net income of $92.8 million, or $0.32 per diluted share, in the second quarter of fiscal year 2017.


Read the original article on RTTNews (http://www.rttnews.com/2893298/nuance-communications-updates-fy18-organic-growth-estimates-quick-facts.aspx)


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This article appears in: Politics , Fundamental Analysis , World Markets , Stocks , Earnings
Referenced Symbols: NUAN


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