Cerence

Cerence, Inc. builds automotive cognitive assistance solutions to power natural and intuitive interactions between automobiles, drivers and passengers, and the broader digital world. It also engages in the sale of software licenses and cloud-connected services. The company was founded on October 1, 2019 and is headquartered in Burlington, MA.

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Cerence surpasses Q1 expectations, eyes future automotive trends for growth

Cerence delivered a strong Q1 performance, exceeding guidance and showcasing strength in core auto business and connected services.
While facing challenges with semiconductor shortages, the company remains focused on innovation, cost savings, and driving long-term sustainable growth.
Investors are keen on underlying metrics reflecting growth potential and are optimistic about future revenue opportunities from evolving automotive trends.
Cerence's strategic focus on execution, innovation, and competitiveness positions it well for continued success and growth in the market.

Cerence beats Q2 revenue expectations, focuses on AI innovation

Cerence delivered a strong performance in Q2, exceeding revenue guidance and demonstrating operational excellence. While facing challenges in certain revenue segments, the company's strategic wins and focus on AI technologies present promising opportunities for growth. Cerence's financial position remains solid, with healthy cash flow and a strong balance sheet.

Cerence reports solid Q3 performance, eyes growth through AI innovation

Cerence delivered strong Q3 results with revenue meeting guidance and notable profitability metrics. The company's focus on AI innovation, global market expansion, and debt restructuring positions it for growth. Strategic wins and emphasis on new business underscore long-term success strategies.

Cerence surpasses Q4 revenue expectations, navigates strategic shifts

Cerence's Q4 performance exceeded expectations, with a strong revenue outlook for FY '24.
Strategic wins in automotive and generative AI space position Cerence for future growth.
Challenges in fixed contracts and revenue stabilization require strategic adjustments.
Opportunities lie in product diversification, upselling, and process improvements for growth.

Cerence surpasses Q1 revenue expectations, eyes growth through strategic partnerships

Cerence's Q1 2024 performance exceeded expectations, showcasing strong revenue and profitability metrics.
Strategic partnerships with industry leaders and market traction in key regions highlight Cerence's competitive edge.
While challenges like revenue guidance and market dynamics persist, Cerence's focus on innovation and global presence bode well for future growth.

Cerence (CRNC) surpasses Q2 revenue targets, eyes growth opportunities

Cerence (CRNC) demonstrated resilience in Q2 with revenue exceeding expectations and a focus on core automotive business strengthening.
While facing challenges such as backlog reduction and revenue fluctuations, the company remains agile and anticipates growth opportunities.
Strategic initiatives, financial stability, and market adaptability position Cerence (CRNC) for sustainable growth and market leadership in the AI automotive sector.

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Cerence, Inc. engages in building artificial intelligence-powered virtual assistants for the mobility and transportation market. Its products include core technologies, cloud and professional services, voice and beyond, mobility, and platform developers. The company was founded on October 1, 2019 and is headquartered in Burlington, MA.

Here is how Cerence (CRNC) and Nvidia (NVDA) have performed compared to their sector so far this year.

Is Cerence (CRNC) Outperforming Other Computer and Technology Stocks This Year?

The mean of analysts' price targets for Cerence (CRNC) points to a 26.9% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Wall Street Analysts Think Cerence (CRNC) Could Surge 26.87%: Read This Before Placing a Bet

BURLINGTON, Mass., May 22, 2023 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, will be presenting at several upcoming investor conferences over the next few weeks.

Cerence to Present at Several Upcoming Investor Conferences

Cerence continues to grow its presence in two-wheeler market; enables Loncin Motors to export advanced, multi-language conversational AI that keeps riders safe and connected Cerence continues to grow its presence in two-wheeler market; enables Loncin Motors to export advanced, multi-language conversational AI that keeps riders safe and connected

Cerence Ride to Bring Conversational AI Experience to Loncin Motorcycles Worldwide

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Cerence Inc. (NASDAQ:CRNC ) Q2 2023 Earnings Conference Call May 9, 2023 8:30 AM ET Company Participants Rich Yerganian - SVP-IR Stefan Ortmanns - CEO Tom Beaudoin - CFO Conference Call Participants Jeff Van Rhee - Craig-Hallum Capital Group Colin Langan - Wells Fargo Mark Delaney - Goldman Sachs Operator Good morning, and thank you for standing by. Welcome to the Cerence Second Quarter 2023 Earnings Call.

Cerence Inc. (CRNC) Q2 2023 Earnings Call Transcript

Headlines Strong Core Business drives revenue and profitability Bookings for the first six months of $263M with visibility into an expected strong second half of the fiscal year Cerence records another win-back for providing connected services in North America for a global luxury OEM Generative AI drives enhanced version of Car Knowledge BURLINGTON, Mass., May 09, 2023 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today reported its second quarter fiscal year 2023 results for the quarter ended March 31, 2023.

Cerence Announces Second Quarter Fiscal Year 2023 Results

Major global legacy OEM awards Cerence its cloud business in North America Major global legacy OEM awards Cerence its cloud business in North America

Cerence Signs Competitive Win-Back with International Luxury Automaker

BURLINGTON, Mass., April 27, 2023 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, will announce its second quarter financial results for the quarter ended March 31, 2023 on Tuesday, May 9, 2023 at 7:00 a.m. Eastern Time / 4:00 a.m. Pacific Time.

Cerence to Announce Fiscal Second Quarter Results on May 9, 2023

Shanghai Volkswagen Automotive Co. (SVW) and FAW-Volkswagen (FAW-VW) will leverage Cerence's multi-lingual solutions to deliver safer, more convenient in-car experiences Shanghai Volkswagen Automotive Co. (SVW) and FAW-Volkswagen (FAW-VW) will leverage Cerence's multi-lingual solutions to deliver safer, more convenient in-car experiences

Banma Selects Cerence to Bring Conversational AI to China's Largest OEMs

Cerence (CRNC) introduces next-generation, artificial intelligence-powered voice biometrics into its Assistant solution, ensuring enhanced security and personalization among drivers and passengers.

Cerence (CRNC) Launches Voice Biometrics in Assistant Solution

Optimized for the in-car experience, advanced biometric capabilities in Cerence Assistant empower drivers and passengers with safe, secure interactions Optimized for the in-car experience, advanced biometric capabilities in Cerence Assistant empower drivers and passengers with safe, secure interactions

Cerence Unveils Enhanced, AI-Powered Biometrics Engine for Deeper Security and Personalization

BURLINGTON, Mass., March 01, 2023 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, announced today that it will be presenting at the Morgan Stanley Technology, Media & Telecom Conference in San Francisco on Monday, March 6, 2023 at 12:10 p.m. Eastern Time. The format for the conference will be a fireside chat featuring Cerence CEO, Stefan Ortmanns.

Cerence to Present at the Morgan Stanley Technology, Media & Telecom Conference

SAIC-GM will leverage Cerence In-Car Communication within the Yanfeng infotainment system to enable simple communication between driver and passengers SAIC-GM will leverage Cerence In-Car Communication within the Yanfeng infotainment system to enable simple communication between driver and passengers

Cerence Partners with Yanfeng to Simplify In-Car Communication for SAIC-GM in its Buick CENTURY

Cerence Inc. (NASDAQ:CRNC ) Q1 2023 Earnings Conference Call February 8, 2023 8:30 AM ET Company Participants Rich Yerganian – Senior Vice President-Investor Relations Stefan Ortmanns – Chief Executive Officer Tom Beaudoin – Chief Financial Officer Conference Call Participants Luke Junk – Baird Colin Langan – Wells Fargo Rajvindra Gill – Needham Jeff Van Rhee – Craig-Hallum Gavin Kennedy – Jefferies Chris McNally – Evercore Mark Delaney – Goldman Sachs Operator Good day and thank you for standing by. Welcome to the Cerence Q1 2023 Earnings Call.

Cerence Inc. (CRNC) Q1 2023 Earnings Call Transcript

Cerence (CRNC) delivered earnings and revenue surprises of 300% and 8.70%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Cerence (CRNC) Q1 Earnings and Revenues Surpass Estimates

Strong Core Business drives revenue and profitability. Cerence Co-Pilot wins four more customers, including two win-backs.

Cerence Announces First Quarter Fiscal Year 2023 Results

There are significant benefits to adopting connectivity and voice assistant in automotives that benefits consumers and OEMs. CRNC's strong relationship with OEMs is a strong barrier to entry.

Cerence: Connectivity Meets Automotive

BURLINGTON, Mass., Jan. 26, 2023 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, will announce its first quarter financial results for the quarter ended December 31, 2022 on Wednesday, February 8, 2023 at 7:00 a.m. Eastern Time / 4:00 a.m. Pacific Time.

Cerence to Announce Fiscal First Quarter Results on February 8, 2023

BURLINGTON, Mass., Jan. 03, 2023 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, announced today that it will be presenting at the 25th Annual Needham Growth Conference in New York City on Tuesday, January 10, 2023 at 9:30 a.m. Eastern Time. The format for the conference will be a presentation followed by Q&A featuring Cerence CEO, Stefan Ortmanns, and Tom Beaudoin, Cerence EVP, CFO.

Cerence to Present at the 25th Annual Needham Growth Conference

Cerence latest FY23 guidance update falls short of expectations. The mid-term growth outlook is compelling, but rests on unproven new markets.

Cerence: Fade The Ambitious New Mid-Term Targets

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BURLINGTON, Mass., Dec. 01, 2022 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, announced today that it will be presenting at the Raymond James Technology Investors Conference in New York City on Tuesday, December 6, 2022 at 1:40 p.m. Eastern Time. The format for the conference will be a presentation followed by Q&A featuring Tom Beaudoin, Cerence EVP, CFO.

Cerence to Present at the Raymond James Technology Investors Conference

Cerence (CRNC) delivered earnings and revenue surprises of 41.67% and 5.62%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Cerence (CRNC) Reports Q4 Loss, Tops Revenue Estimates

Delivered strong full fiscal new bookings at $684M, up 16% year over year

News for Cerence Stock (CRNC)