NUAN - NUAN STOCK NEWS

Nuance Communications (NASDAQ: NUAN) announced privately negotiated agreements to exchange a total of 17.9 million shares for $419.7 million of its senior convertible debentures. This includes 14.7 million shares and $4 million in cash for $354.8 million of 1.00% debentures and 3.2 million shares with $0.5 million in cash for $64.9 million of 1.50% debentures. The transactions are expected to close on May 28, 2021, leaving $321.7 million of 1.00% and $162.5 million of 1.50% debentures outstanding.

Nuance Communications (NASDAQ: NUAN) reported Q2 2021 financial results with GAAP revenue of $347 million and earnings per diluted share of $0.04. Non-GAAP revenue also stood at $347 million, with non-GAAP EPS at $0.20. The company saw a 30% increase in Dragon Medical & DAX Cloud revenue and a 24% year-over-year increase in total Healthcare Revenue. However, Enterprise revenue experienced a 2% decline. Nuance's proposed acquisition by Microsoft at $56.00 per share is set to close by December 31, 2021. No conference call will follow the earnings release due to the pending merger.

Nuance Communications (NASDAQ: NUAN) has launched Nuance Gatekeeper, a biometric security solution now available on the Five9 App Marketplace. This integration enhances the Five9 Intelligent Cloud Contact Center by enabling organizations to utilize biometrics for fraud prevention and secure authentication. Nuance's technology supports over 600 million consumers and has prevented over $2 billion in fraud. This move aligns with the growing demand for secure CCaaS platforms, allowing companies to seamlessly protect sensitive customer information and improve operational efficiency.

Nuance Communications (NASDAQ: NUAN) announced that Guy's and St Thomas' NHS Foundation Trust has selected its Dragon Medical One speech recognition technology for its Apollo program, aiming to enhance patient care. This initiative will replace paper documentation with electronic health records (EHR) from Epic, enabling over 10,000 clinicians to document patient information via voice commands, enhancing efficiency. The collaboration is expected to reduce documentation time by up to 45%, allowing more focus on patient care. Nuance's healthcare solutions support over 550,000 clinicians globally.

Nuance Communications (NASDAQ: NUAN) announced its recognition in five new Best Places to Work awards, underscoring its commitment to a supportive and innovative employee culture. The awards highlight Nuance's focus on family-first policies, remote work support, and diversity initiatives, including rankings as Best Place to Work for Moms, Dads, and for Parents Working Remotely. The company continues to prioritize employee well-being through competitive benefits and a culture fostering personal and professional growth.

Nuance Communications, Inc. (NASDAQ: NUAN) will announce its second quarter fiscal 2021 results on May 10, 2021, after the market close. Due to a pending transaction with Microsoft, the company will not host a conference call or provide prepared remarks following the earnings release. Nuance is recognized for its leadership in conversational AI and ambient intelligence, serving 77% of U.S. hospitals and 85% of Fortune 100 companies worldwide.

Microsoft Corp (Nasdaq: MSFT) has announced its acquisition of Nuance Communications (Nasdaq: NUAN) for $56.00 per share, totaling $19.7 billion, a 23% premium over Nuance's previous closing price. This all-cash transaction aims to enhance Microsoft's cloud-based healthcare solutions, leveraging Nuance's AI and clinical intelligence technologies, which are utilized by over 55% of U.S. physicians. Expected to close within the year, the acquisition is anticipated to be accretive to Microsoft’s earnings in fiscal 2023 and minimally dilutive in fiscal 2022.

Nuance Communications (NASDAQ: NUAN) announced that independent ambulatory clinics are increasingly adopting its Dragon Ambient eXperience (DAX) solution, significantly enhancing both physician and patient satisfaction. Users of DAX report 50% reduction in documentation time and 30% increase in patient throughput. Notable clinics, such as Signature Medical Group and Bone and Joint Institute of Tennessee, praised DAX for improving interactions and reducing physician burnout. A survey indicated 76% of physicians feel DAX enhances patient experiences. Nuance DAX, when used alongside Dragon Medical, aims to improve overall healthcare efficiency.

Nuance Communications (NASDAQ: NUAN) announced a partnership with Bank Australia to deploy Nuance Gatekeeper, a leading biometrics solution for authentication and fraud detection. Following a successful pilot in December 2020, the technology now provides all customers with enhanced security for banking services. VoiceID verifies identities in seconds by analyzing over 1000 voice characteristics, eliminating the need for passwords. This initiative aims to improve customer experience and security, addressing the growing threat of fraud in the finance industry.