• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Our Services
  • Contact Us
  • Newsletter
  • Top Nav Social Icons

Mobile ID World

Mobile ID World

Identification Revolution

  • Mobile ID
    • What Is Mobile ID?
    • Identity Associations
    • Premier Partners
    • FAQ
  • News
  • Solutions
    • Behavioral
    • Facial Recognition
    • Fingerprint Biometrics
    • Iris Biometrics
    • Second Factor
    • Smart Cards
    • Smartphones
    • Vital
    • Voice
    • Wearable Tech
    • Other
  • Applications
    • Access Control
    • Cloud Technology
    • Commerce
    • Enterprise
    • Healthcare
    • Identification
    • Internet of Things
    • Law Enforcement
    • Strong Online Authentication
  • Exclusive
    • Interviews
    • Featured Articles
    • Podcasts
  • Companies
  • Events

Nuance Reports Increased Demand in Healthcare, Enterprise Security in Q1 Update

February 11, 2021

Nuance Reports Increased Demand in Healthcare, Enterprise Security in Q1 Update

Voice-based AI specialist Nuance Communications has issued its results for the first quarter of its fiscal 2021, a period ended December 31, 2020.

Revenues for the quarter came in at $345.8 million, compared to revenues of $361.5 million in Q1 of 2020. GAAP operating income dropped from $36.0 million in Q1 of 2020 to $31.5 million in the latest quarter.

Net income for the quarter came in at just under $14.9 million, compared to a net result of almost $48.7 million a year who, in the first quarter of fiscal 2020.

Despite those overall declines, Nuance CEO Mark Benjamin highlighted improvements in certain key areas in his commentary on the results.

“In Healthcare, we saw solid performance in our cloud-based offerings, growing cloud revenue 28% year-over-year,” he noted, adding that the ongoing transition of Nuance’s installed base to the company’s Dragon Medical One platform had helped to drive revenue increases from its Dragon Medical and DAX Cloud offerings.

Benjamin also highlighted Nuance’s success in enterprise security, thanks in part to its voice recognition technology. “Enterprise delivered another record revenue quarter, up slightly from its previous record in Q1’20, driven by particularly strong demand for our Security & Biometrics solutions,” he said.

Nuance’s corporate update arrived alongside its announcement that it has acquired Saykara, a startup focused on the development of a mobile-based AI assistant designed to help doctors with clinical documentation. Benjamin described Saykara as “a like-minded healthcare IT company that aligns well with our technology portfolio and growth strategy.”

Meanwhile, Nuance had previously entered into an agreement to sell its medical transcription “electronic healthcare record go-live” businesses, and expects the transaction to close in the second quarter of fiscal 2021.

Filed Under: Industry News Tagged With: Biometric, biometrics, enterprise security, HealthCare, Nuance, Nuance Communications, Q1 2021, Q1 updates, quarterly updates, voice biometrics, voice recognition

Related News & Articles

Yoti Postpones this Year’s Digital Identity Fellowships

Android App Uses Teeth Biometrics for Authentication

FTC Hits Facebook with $5 Billion Fine and New Regulations

Primary Sidebar

Learn About Mobile ID and Aviation

Tweets

Sponsored Links

facetec logo

FaceTec’s patented, industry-leading 3D Face Authentication software anchors digital identity, creating a chain of trust from user onboarding to ongoing authentication on all modern smart devices and webcams. FaceTec’s 3D FaceMaps™ make trusted, remote identity verification finally possible. As the only technology backed by a persistent spoof bounty program and NIST/iBeta Certified Liveness Detection, FaceTec is the global standard for Liveness and 3D Face Matching with millions of users on six continents in financial services, border security, transportation, blockchain, e-voting, social networks, online dating and more. www.facetec.com

FACEPHI is a global leader in Facial Recognition technology and in Mobile Biometrics technologies. With a strong concentration in the financial sector, FacePhi’s product is rapidly becoming a service used by banks all over the world. Its implementation doesn’t just save money, it is also a way to attract clients and build loyalty, while increasing the security of transactions for both the customer and the business. To learn more about FacePhi, visit https://www.facephi.com/en/

Recent Posts

  • HID Attains Anti-Spoofing Milestone With Lumidigm Fingerprint Biometrics
  • Video Interview: Learn How Biometrics Are Fighting AI-Enhanced Fraud with Onfido’s Therese Stowell
  • The Path to Biometric Universal Basic Income: Worldcoin Raises $115M in Series C Funding
  • Kenyan Officials Detail Ambitious Digital ID Plan
  • IDEMIA Brings Mobile ID to Missouri

Footer

  • About Us
  • Company Directory
  • Advertise With Us
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • Archives
  • CCPA: Do not sell my personal info.

Follow Us

Copyright © 2023 MobileIDWorld