— Nuance Communications Inc. (NASDAQ: NUAN) reported its fourth-quarter 2019 adjusted earnings of $0.34 per share under ASC 605 methodology versus $0.28 per share expected.
— Total revenues rose by 2% to $487.8 million versus $485.5 million expected. Adjusted revenue rose by 1.5% to $489.3 million.
— Organic revenue growth of 2% compared to the same period last year.
— Recurring revenue of $376.9 million, up 650 basis points year over year.
— Looking ahead into fiscal 2020, the company expects a continuation of the favorable business trends. Adjusted revenue is predicted to be $1.495-1.535 billion under ASC 606 methodology.
— Adjusted earnings are anticipated to be in the range of $0.80 to $0.88 per share for fiscal 2020 under ASC 606 methodology.
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