Nuance Swings to Q4 Loss Despite Modest Revenue Growth
Nuance Communications Inc. swung to fiscal fourth-quarter loss as operating expenses grew, despite modest growth in revenue.
The company — which makes software that converts speech into text and is known best for its Dragon line of dictation products — saw operating expenses rise 7.6 percent in the latest revenue period, including a 23 percent increase in research and development costs. Also, revenue growth in the Nuance’s health-care and imaging segments was mostly offset by declines in its mobile and consumer business and its enterprise segment.
