nuance communications inc (NUAN) Key Developments
Nuance Communications, Inc. Introduces Dragon Notes for Windows 8 Devices
May 15 13
Nuance Communications, Inc. announced Dragon Notes, a new app for Windows 8 that lets people quickly speak notes, to-do lists, reminders, status updates, web searches and emails -- or anything that comes to mind. Dragon Notes is optimized for Microsoft Windows 8 touchscreen tablets, including the Microsoft Surface Pro. Dragon Notes is also great for quickly capturing and organizing notes and ideas on Microsoft Windows 8 touchscreen PCs and Windows 7 PCs. Dragon Notes is a quick and fun app that gives people a simple way to capture notes and ideas in the office, at home or on the go keeping all those sticky notes and paper lists at bay for a more organized digital lifestyle. Dragon Notes takes full advantage of the Windows 8 touchscreen and tile interface just tap the app and speak to save a note, share a post, send an email or search the web. Whip up a shopping list, share that great recipe via Facebook, or send an email of the action items coming out of a meeting. Dragon Notes supporting U.S. English will be available for download May 15, 2013 through the Nuance.com online store for $19.99 for Windows 8 tablets, as well as for PCs supporting Windows 8 and Windows 7. Language packs supporting Spanish and French can also be purchased in addition to the US English app as an add-on for $9.99.
Barclays Wealth & Investment Management Uses Nuance Communications, Inc.'s Voice Biometrics to Identify Customers by the Sound of Their Voice
May 8 13
Nuance Communications, Inc. announced that Barclays Wealth & Investment Management has deployed Nuance's FreeSpeech voice biometrics solution to securely and automatically confirm the identity of Barclays customers -- using the sound of their voice. No longer will customers need to answer intrusive security questions in order to verify their identity. By simply speaking with an agent, a customer's voice is verified using Nuance voice biometrics technology, making the authentication process quick, secure and transparent. Until now, when people have called a bank to access their account, they have typically been forced to prove their identity though a series of intrusive security questions -- what the industry refers to as 'knowledge-based authentication.' This time-consuming line of questioning can lead to even more frustration when customers can't remember answers to obscure security questions such as 'What is the name of your favorite pet?' or 'What is the name of your best childhood friend?' and are further annoyed if they are ultimately denied access to their accounts for misremembering. Even when a customer does succeed at accessing their account, if they call back a few minutes later, the process -- and the intrusive questioning -- starts all over again from the beginning. To solve this, Barclays, through a partnership with Nuance, is using secure voice biometrics technology to turn back the clock to the days when a customer could be taken at their word when verifying their identity. When a customer calls in to Barclays to access their account, they engage in 20 to 30 seconds of natural conversation with a customer service agent. During that time, Nuance FreeSpeech voice biometrics technology is used to compare the customer's voice to their unique voiceprint on file, and silently signals to the Barclays representative when the customer's identity has been verified. If the customer is not verified by the system, or if the transaction request is above security thresholds, Barclays agents can seamlessly move to a traditional, knowledge-based authentication process.
Government Employees Insurance Company, Inc. Provides Voice Capabilities in its Mobile App for Customers
May 2 13
Government Employees Insurance Company, Inc. has revolutionized the mobile customer experience by partnering with Nuance Communications, Inc. to introduce voice assistant technology in its GEICO App. The integration of voice technology enhances the customer experience and provides a multi-modal user interaction within the GEICO App. Exceeding the limitations of standard voice technology, Lily is engaging and insightful as she helps GEICO App customers make an insurance payment or find answers to questions about their policy. Lily has a calming and enthusiastic demeanor and will also provide her candid opinion on the GEICO Gecko and a variety of topics if asked.
Nuance Communications, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended March 31, 2013; Provides Earnings Guidance for the Third Quarter 2013, Full Year 2013 and Full Year of 2014
Apr 30 13
Nuance Communications, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended March 31, 2013. For the quarter, the company reported total revenues of $450.999 million compared to $390.341 million a year ago. Income from operations was $12.412 million compared to $30.747 million a year ago. Loss before income taxes was $25.174 million compared to income before income taxes of $12.357 million a year ago. Net loss was $25.848 million or $0.08 per basic and diluted share compared to net income of $890 million a year ago. Net cash provided by operating activities was $93.086 million compared to $100.520 million a year ago. Capital expenditures were $14.484 million compared to $12.117 million a year ago. Non-GAAP revenue was $484.030 million compared to $417.721 million a year ago. Non-GAAP income from operations was $141.072 million compared to $153.562 million a year ago. Non-GAAP net income was $110.361 million or $0.34 per diluted share compared to $138.819 million or $0.43 per diluted share a year ago.
For the six months, the company reported total revenues of $913.267 million compared to $750.984 million a year ago. Income from operations was $18.642 million compared to $42.074 million a year ago. Loss before income taxes was $55.831 million compared to income before income taxes of $12.288 million a year ago. Net loss was $47.944 million or $0.15 per basic and diluted share compared to net income of $10.230 million or $0.03 per basic and diluted share a year ago. Net cash provided by operating activities was $216.034 million compared to $190.053 million a year ago. Capital expenditures were $29.588 million compared to $37.775 million a year ago. Non-GAAP revenue was $976.447 million compared to $799.770 million a year ago. Non-GAAP income from operations was $284.625 million compared to $277.624 million a year ago. Non-GAAP net income was $223.318 million or $0.69 per diluted share compared to $247.364 million or $0.77 per diluted share a year ago.
The company expects third quarter 2013 non-GAAP revenues between $480 million and $495 million and GAAP revenues to be in the range of $458.5 million to $473.5 million, non-GAAP EPS to be in the range of $0.30 to $0.34 and GAAP LPS to be in the range of $0.10 to $0.06.
The company expects fiscal year 2013 non-GAAP revenues between $1,957 million and $2,002 million. The company expects GAAP revenues to be in the range of $1,856 million to $1,901 million. The company expects non-GAAP EPS to be in the range of $1.33 to $1.45 and GAAP LPS to be in the range of $0.30 to $0.18. The company expects the annual ratio of cash flow from operations to non-GAAP net income to be in the range of 80% to 85%, consistent with recent results.
For the fiscal 2014, the company expects organic growth in the mid- to upper-single digit range, gross margin to improve by approximately 50 basis points compared to fiscal 2013, and 2014 operating margin to improve by approximately 50-100 basis points compared to Fiscal Year 13. The company expects tax rate to be comparable to the fiscal 2013 rate, which is better than previously guided.
Nuance Communications, Inc. to Report Q2, 2013 Results on Apr 30, 2013
Apr 30 13
Nuance Communications, Inc. announced that they will report Q2, 2013 results at 9:00 AM, Eastern Standard Time on Apr 30, 2013