Nuance Climbs on Hopes for New Bookings Growth
Nuance Communications (NASDAQ: NUAN) has had to go through some tough times in recent years. Not only has it been dealing with the need to pivot its overall business strategy to take greater advantage of opportunities in its niche of the tech industry, but it has also had to overcome challenges related to recent cyberattacks.
Coming into Tuesday's fiscal fourth-quarter financial report, Nuance investors weren't looking for exceptional results, with declines expected in sales and profits. Even though Nuance wasn't able to deliver major positive surprises in its backward-looking financials, the company focused instead on its future, with solid net bookings numbers suggesting a greater chance of success in the coming fiscal year. Let's look more closely at Nuance Communications to see what we can learn from its latest results.
Image source: Nuance.
Source: Fool.com
