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, apps and multi-modality, audio AI, adjacent markets, professional services and platform developers. The company was founded on October 1, 2019 and is headquartered in Burlington, MA.

BURLINGTON, Mass., Feb. 07, 2022 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today announced that Mark Gallenberger, chief financial officer, will retire effective March 11, 2022. Gallenberger will remain with Cerence in an advisory role through mid-November 2022 to ensure continuity in the business and an orderly transition to a new CFO.

Cerence Announces CFO Transition

Delivered second largest bookings quarter in the Company's history

Cerence Announces First Quarter Fiscal Year 2022 Results

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BURLINGTON, Mass., Jan. 19, 2022 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, announced today that it will be presenting at the Baird 2022 Vehicle Technology & Mobility Conference on Tuesday, January 25, 2022 at 9:05 a.m. Eastern Time. The format for the presentation will be a fireside chat featuring Stefan Ortmanns, Cerence CEO, and Mark Gallenberger, Cerence CFO.

Cerence to Present at the Baird 2022 Vehicle Technology & Mobility Conference

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VinFast and Cerence Unveil World's First Truly Connected Car Powered by Cerence Connected Vehicle Digital Twin

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Cerence Inc (NASDAQ: CRNC) forged a contract worth $149 million with a sizeable European automaker for its connected, conversational AI automotive assistant products.  "This milestone deal marks another important moment for Cerence as we accelerate growth and sustain momentum with automotive customers," said CEO Stefan Ortmanns.

Cerence Stock Gains On Signing $149M Contract With European Automaker

$149 million contract for Cerence cloud-based offerings to accelerate global expansion ambitions for large European OEM $149 million contract for Cerence cloud-based offerings to accelerate global expansion ambitions for large European OEM

Cerence Signs Largest Contract in Company History with Premier Global Automaker for Connected Conversational AI

In addition, Mercedes-Benz first automaker to deploy Cerence Emergency Vehicle Detection In addition, Mercedes-Benz first automaker to deploy Cerence Emergency Vehicle Detection

Cerence Drives Enhanced Intelligence, Including New Electric Vehicle Use Cases, in MBUX in the Mercedes-Benz EQS

Why Cerence Stock Got Hammered Last Week

Proactive, multi-modal Cerence Co-Pilot goes beyond voice to deliver an unmatched user experience for connected, electric and autonomous vehicles Proactive, multi-modal Cerence Co-Pilot goes beyond voice to deliver an unmatched user experience for connected, electric and autonomous vehicles

Cerence Raises the Bar for Mobility with the Introduction of Cerence Co-Pilot, a Deeply Integrated, Ultra-Intelligent In-Car Assistant

Cerence creates experiences for the automotive world. The company's AI-powered assistants are included in some of the largest automobile original equipment manufacturers.

Cerence's Artificial Intelligence Assistants Could Make The Share Price Spike Up

Wells Fargo analyst Colin Langan upgraded  Cerence Inc (NASDAQ:CRNC) from Equal-Weight to Overweight and an $85 price target, down from $91, implying a 15% upside. Langan noted Cerence is down about 50% from its high and 34% since reporting FY21 results and guiding below consensus for FY22.

Why Are Cerence Shares Trading Higher Today?

Cerence Browse connects to multiple online information sources to provide drivers with real-time, AI-powered access to general information while on the go Cerence Browse connects to multiple online information sources to provide drivers with real-time, AI-powered access to general information while on the go

Toyota Motor North America Selects Cerence Browse to Bring Search Engine-Level Intelligence into their Cars

A 20-year veteran of the company and an original architect of its technology, Ortmanns is responsible for the bulk of Cerence's revenue today A 20-year veteran of the company and an original architect of its technology, Ortmanns is responsible for the bulk of Cerence's revenue today

Cerence Board of Directors Promotes Dr. Stefan Ortmanns to Chief Executive Officer and Director

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The semiconductor shortage is impacting Cerence's future outlook.

Is This an Overreaction to Cerence's Earnings?

Cerence, a provider of conversational artificial intelligence (AI) products and technology, announced Monday (Nov. 22) that it has gained its first customers in two new markets: elevators and two-wheeled vehicles. It also announced that in the automotive market, its sales continue to grow faster than new-vehicle production because a growing percentage of vehicles are equipped […]

Cerence Gains First Customers for Voice Assistant in Elevators, Motorcycles

Cerence's (CRNC) fiscal fourth-quarter performance benefits from strength in the Licence and Professional Services segments.

Cerence (CRNC) Q4 Earnings Beat Estimates, Revenues Up Y/Y

Cerence Inc. (CRNC) CEO Sanjay Dhawan on Q4 2021 Results - Earnings Call Transcript

Cerence (CRNC) delivered earnings and revenue surprises of 20% and 0.61%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Cerence (CRNC) Q4 Earnings Surpass Estimates

Cerence Inc (NASDAQ: CRNC) reported fourth-quarter FY21 revenue growth of 7.5% year-on-year to $98.1 million. Non-GAAP EPS of $0.66 beat the consensus of $0.56.

Cerence Shares Plunge As It Issues Q1, FY22 Outlook Below Consensus

Fourth Quarter and Fiscal Year Highlights

Cerence Announces Fourth Quarter and Fiscal Year 2021 Results

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Cerence's (CRNC) fiscal Q4 performance is likely to reflect benefits from using AI to design applications for advanced driver-assisted systems in self-driving vehicles.

News for Cerence Stock (CRNC)