BURLINGTON, Mass., June 21, 2019 (GLOBE NEWSWIRE) -- Nuance Communications, Inc. (NASDAQ: NUAN), today announced it has accelerated the exit of its non-core Subscription Revenue Services (SRS) business, which provides services to mobile consumers in emerging markets, primarily Brazil and India. The Company has completed the sale of its Brazil SRS operations and has signed a definitive agreement for the sale of its India SRS operations. The latter is expected to close in July of 2019. The terms of both deals were not disclosed.

“In our ongoing effort to drive transformation and simplification, we continue to execute on our strategic initiatives announced at the beginning of our fiscal year,” said Mark Benjamin, Chief Executive Officer of Nuance. “These transactions are a great outcome for everyone as they enable us to exit this non-core business faster than a wind-down, while ensuring continuous support and services for our customers. We remain sharply focused on cloud-based, intelligence-driven solutions, capable of sustainable long-term revenue and earnings growth.”

Although the transactions do not have a significant impact on our business, Nuance has updated its Q3 and full-year 2019 revenue and EPS guidance in the tables below. All other guidance metrics remain unchanged from previous guidance.

About Nuance Communications, Inc.

Nuance Communications, Inc. (NASDAQ: NUAN) is the pioneer and leader in conversational AI innovations that bring intelligence to everyday work and life. The company delivers solutions that understand, analyze and respond to human language to increase productivity and amplify human intelligence. With decades of domain and artificial intelligence expertise, Nuance works with thousands of organizations – in global industries that include healthcare, telecommunications, automotive, financial services, and retail – to create stronger relationships and better experiences for their customers and workforce. For more information, please visit www.nuance.com.