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Nuance posts loss as expenses rise
February 7, 2013 / 9:31 PM / 5 years ago

Nuance posts loss as expenses rise

Feb 7 (Reuters) - Speech recognition software maker Nuance Communications Inc posted a quarterly loss, hurt by higher expenses.

The company reported a net loss of $22.1 million, or 7 cents per share, in the first quarter, compared with a profit of $9.3 million, or 3 cents per share, a year earlier.

Excluding items, Nuance, whose technology powers the Siri voice recognition feature in Apple Inc’s iPhone, earned 35 cents per share.

Revenue rose 28 percent to $462.3 million.

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