Even though results apparently do not please analysts who had higher expectations, considering all the moving parts in this company on a buying bing, I am pleased with these results:
Nuance reported GAAP revenue of $360.6 million in the first quarter of fiscal 2012, an 18.7% increase over GAAP revenue of $303.8 million in the first quarter of fiscal 2011. Nuance reported non-GAAP revenue of $382.0 million, which includes $21.4 million in revenue lost to accounting treatment in conjunction with acquisitions. First quarter fiscal 2012 non-GAAP revenue grew 20.4% over non-GAAP revenue of $317.3 million in the same quarter last year.
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