Nuance Communications Inc (NUAN) released its second quarter results on Monday, May 10, 2021. The company reported net earnings of $0.03 per share for the second quarter ending March 31, 2021. Earnings for this past quarter were up 158 percent compared to the same period a year ago.
Nuance Communications, Inc. was founded in 1992 and is headquartered in Burlington, Massachusetts. Nuance Communications, Inc. provides conversational and cognitive artificial intelligence (AI) innovations that bring intelligence to everyday work and life. The company delivers solutions that understand, analyze, and respond to people - amplifying human intelligence to increase productivity and security.
Nuance Communications' revenue decreased 19 percent over the past trailing twelve-month period versus the previous twelve-month period. Gross margins increased to 67.12% for the second quarter compared to the same period in the previous year, and operating margins increased to 12.68% over the same period. Net earnings for past trailing twelve months were $13.6 million, down 91% from the prior year.
Moving on to the balance sheet, Nuance Communications' cash levels dropped 14% for the second quarter over the same period last year. Overall liquidity of the balance sheet, as measured by the current ratio, decreased 58.71% this past year. The current ratio for Nuance Communications now stands at 0.46. The company increased shares outstanding by 1.57%.
Shares of NUAN are currently trading around $52.60. In terms of valuation, the stock is trading at a price to book ratio of 15.01.
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This article was written by Value Investing News (https://www.valueinvestingnews.com) on Wednesday, May 12, 2021.