Nuance Has Solid 4QFY10

Goldman Sachs is out with its research report on Nuance Communications (NASDAQ: NUAN) following solid 4QFY10 results.

Nuance Communications reported 4QFY10 non-GAAP revenues of
$325 mn, in line with GS's estimate, and above Street at $320 mn. Non- GAAP EPS of $0.33 was also in line with GS's estimate, and above Street consensus by a penny. Gross margin of 69.9% was below GS's estimate of 70.6%, but operating margin of 35.2% exceeded GS's 34.7% estimate.

NUAN closed yesterday at $17.11.