• 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’s Identity Tech Satisfies HIPAA Security and Privacy Requirements

FPC Fingerprint Sensor Complements Voice, Facial Recognition on New LG V30

iOS 11’s ‘Cop Button’ Isn’t Really About Calling the Police

Primary Sidebar

Register For the Next Virtual Identity Summit

Register now!

Tweets

Sponsored Links

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

  • IPification Partners With Major Indonesian Telecom
  • INTELITY Streamlines Hotel Check-in With Mobile ID Solution
  • Finland Advances National Digital ID Bill
  • T-Mobile Seeks to Sell User Data While Protecting Privacy
  • Pixel 6A Shows Improved Fingerprint Performance in Early Review

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 © 2022 MobileIDWorld