Nuance Reports Q1 EPS of $0.28 vs. $0.31

Nuance Communications, Inc. NUAN today announced financial results for its first quarter of fiscal 2011, ended December 31, 2010. Nuance reported non-GAAP revenue of $317.3 million, which includes $13.4 million in revenue lost to accounting treatment in conjunction with acquisitions. First quarter fiscal 2011 non-GAAP revenue grew 11.5% over non-GAAP revenue of $284.6 million in the same quarter last year. In the first quarter of fiscal 2011, Nuance reported non-GAAP net income of $86.1 million, or $0.28 per diluted share, compared to non-GAAP net income of $84.3 million, or $0.29 per diluted share, in the first quarter of fiscal 2010. Nuance's non-GAAP operating margin was 30.5% for the first quarter of fiscal 2011, compared to 32.6%, in the first quarter of fiscal 2010, reflecting Nuance's increased investments in the business. Nuance reported cash flow from operations of $63.3 million in the first quarter of fiscal 2011, compared to $65.1 million in the first quarter of fiscal 2010. Nuance ended the first quarter of fiscal 2011 with a balance of cash and marketable securities of $591.5 million.