It’s with a company called Nuance Communications Inc. (NASDAQ:NUAN). Nuance Communications Inc. (Nasdaq:NUAN) is far and away the industry leader. If you’ve ever used voice recognition software, chances are this company’s technology was being used. All the companies listed above are clients, along with dozens more.
During the past five years, its shares have jumped more than 340%, nearly tripling the Nasdaq over the same period. But don’t think you’ve missed the boat. Its profits are rising double and triple-digits every year and it has a number of growth catalysts going forward.
Just one example is clinics and hospitals, which are in dire need of ways to cut costs. One way to do that is by adopting electronic medical records that can be updated by voice commands. Nuance Communications Inc. (NASDAQ:NUAN) has already signed several clients: the Mayo Clinic, the Cleveland Clinic, the Veterans Administration, and Kaiser Permanente, to name a few.
How far can this company go?
In reality, there’s no immediate barrier — not even to international markets. Voice recognition software is language-neutral. So the company has huge opportunities abroad, which it’s barely touched to date.
Because people recognize the field as so lucrative, new competition is entering the market everyday, which could dip into Nuance Communications Inc. (NASDAQ:NUAN)’s future revenue growth.
But, with its dominant position, I expect Nuance Communications Inc. (NASDAQ:NUAN) to continue to outperform.
[Note: Nuance Communications Inc. (NASDAQ:NUAN) is just one company I’m predicting to do well in the next 12-18 months. In fact, I’ve made 10 other shocking predictions investment predictions — and each one of them could very well lead you to life-changing gains. One is about a new medical device will allow you to diagnose any illness, anytime, anywhere… Another is about bizarre plant from the Midwest that will end America’s dependence on foreign oil. To learn more about these opportunities, and how to profit from them, click here.]
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