Burlington, Mass.-based Nuance Communications, which creates speech-recognition software for multiple platforms, including mobile phones, reported a fourth-quarter profit based on improved operating margins. The company’s stock jumped $1.28, or about 17 percent, today to close at $8.78 a share. Q4 profits totaled $22 million, or 9 cents a share, compared with a loss of $3.4 million, or 2 cents a share in the prior year. Revenues jumped 41 percent to $253.4 million, compared to the year ago period when it reported $179.9 million in revenues. Release. Transcript.
Mobile Results: Nuance