On Friday, Shares of Nuance Communications, Inc. (NASDAQ:NUAN), dropped -1.30% to $15.13.
Nuance Communications, declared that Robert Finocchio has joined the company’s Board of Directors, effective right away.
Robert Finocchio is a corporate director, private investor, and Dean’s Executive Professor of Administration at Santa Clara University. He brings decades of experience leading strategy, operations and business development for large, high-profile technology companies. Formerly, he served as President, CEO, and Chairman of Informix Corporation where he assisted lead the stabilization of the company. Preceding to Informix, he spent nine years at 3Com Corporation, where he last served as President of 3Com Systems. He has also served in numerous executive and administration roles at IBM, Rolm Corporation and Bank of America.
Mr. Finocchio is a trustee of Santa Clara University where he is also a Dean’s Executive Professor. He holds a BS from Santa Clara University and an MBA from Harvard Business School. He also serves on the boards of Broadcom Corporation, Echelon Corporation, JustAnswer.com, Silver Peak Corporation and Vistage International.
Nuance Communications, Inc. provides voice and language solutions for businesses and consumers worldwide. It offers hosted and on-premise solutions and services that provide platforms to generate and distribute clinical documentation through the use of dictation and transcription features; clinical documentation improvement programs.
Shares of Amdocs Limited (NASDAQ:DOX), declined -1.27% to $54.37, during its last trading session.
Amdocs, declared it has reached a definitive agreement to acquire a substantial majority of Comverse’s business support systems (BSS) business unit assets for about $272 million in cash, subject to customary closing conditions. The Boards of Directors of Comverse and Amdocs have approved the transaction which, subject to the satisfaction of the conditions to closing, is predictable to be accomplished before end of September 2015.
Amdocs is purchasing a substantial majority of Comverse’s BSS assets and will maintain and support Comverse customers around the world. The acquisition geographically complements Amdocs’ market focus by expanding and diversifying Amdocs’ global customer base, particularly in Asia Pacific, Latin America and Europe, and counting Europe’s cable and satellite market. Publicly traded Comverse will continue to exist as a separate company, with a singular focus on expanding its global market leadership in digital services.
Amdocs Limited provides software and services for communications, media, and entertainment industry service providers worldwide. It offers revenue administration products that address BSS/OSS data processing and event-handling needs, in addition to provides automated partner administration and settlement for various types of partners, counting interconnect, content, roaming, digital advertising, mobile virtual network operator, wholesale, and dealer.
At the end of Friday’s trade, Shares of Eclipse Resources Corporation (NYSE:ECR), dwindled -1.26% to $6.25.
Eclipse Resources, offered information with regard to the company’s first quarter earnings release and conference call information.
The Company plans to issue its first quarter 2015 financial results after the market close on Wednesday, May 6th 2015. A conference call to review the financial and operational results is planned for Thursday, May 7th, 2015 at 10:00 a.m. Eastern Time. To take part in the call, please dial 877-709-8150, or 201-689-8354 for international callers, and reference Eclipse Resources First Quarter 2015 Earnings Call.
Eclipse Resources Corporation, an independent exploration and production company, acquires and develops oil and natural gas properties in the Appalachian Basin. The company owns interests in the Utica Shale and Marcellus Shale areas.
Finally, Embraer SA (NYSE:ERJ), ended its last trade with -1.25% loss, and closed at $30.79.
Embraer, released first quarter 2015 results.
HIGHLIGHTS
- In the first quarter of 2015 (1Q15), Embraer delivered 20 commercial and 12 executive (10 light and 2 large) jets;
- The Company’s firm order backlog ended the quarter at US$ 20.4 billion, contrast to US$ 19.2 billion at the end of 1Q14 and $20.9 billion in backlog at the end of 2014;
- As a result of aircraft deliveries, coupled with revenues from the Company’s Defense & Security business, 1Q15 revenues were US$ 1,055.9 million;
- EBIT and EBITDA margins were 7.5% and 14.1%, respectively, in 1Q15, which were higher than the 7.4% EBIT margin and 12.2% EBITDA margin registered in 1Q14;
- 1Q15 Net loss attributable to Embraer Shareholders and Loss per basic ADS totaled US$ (61.7) million and US$ (0.3370), respectively;
- Adjusted Net Income in 1Q15 was $48.3 million, which excludes non-cash deferred income taxes and social contribution;
- Embraer ended 1Q15 with a total cash position of US$ 1,808.0 million and total debt of US$ 2,389.3 million, yielding a net debt position of US$ 581.3 million in the quarter.
Embraer S.A. designs, develops, manufactures, and sells aircraft and systems; and provides technical support and after-sales service in Brazil, North America, Latin America, the Asia Pacific, Europe, and internationally. It operates through Commercial Aviation, Executive Jets, Defense & Security, and Other Related Businesses segments.
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