Welcome to our dedicated page for Cerence news (Ticker: CRNC), a resource for investors and traders seeking the latest updates and insights on Cerence stock.
Cerence Inc. (NASDAQ: CRNC), also referred to as Cerence AI, regularly issues news and updates about its conversational AI technologies, automotive partnerships, financial performance, and corporate developments. As a software company focused on AI-powered user experiences for automotive and transportation, Cerence’s news flow often centers on product platforms like Cerence xUI, its CaLLM language models, and domain-specific AI agents for drivers, dealerships, and OEMs.
On this page, readers can follow announcements about Cerence xUI deployments with global automakers, including selections of the platform to power next-generation in-car assistants and LLM-powered in-vehicle experiences. News items also cover collaborations with technology partners such as NVIDIA, Microsoft, and SiMa.ai, highlighting how Cerence uses cloud and edge AI infrastructure to deliver low-latency, automotive-grade conversational interfaces.
Investors can track Cerence’s financial communications, including quarterly and annual results, guidance updates, and capital structure actions such as repurchases of convertible senior notes. The company’s press releases also reference key performance indicators like the percentage of worldwide auto production with Cerence technology and changes in connected cars shipped, providing context for its position in the automotive software landscape.
In addition, Cerence publishes updates about its participation in investor conferences, industry events like CES, and recognition such as awards for its xUI platform. For those following the evolution of AI in vehicles and the broader automotive ecosystem, the Cerence news feed offers insight into new AI agents, audio AI capabilities, and the company’s efforts to extend its technology beyond the in-car experience. Bookmark this page to monitor ongoing developments, product announcements, and financial updates related to CRNC.
Cerence Inc. (NASDAQ: CRNC) announces a partnership with Mercedes-Benz AG to enhance the MBUX multimedia system in the new EQS electric sedan. The collaboration introduces advanced features powered by conversational AI and Cerence Emergency Vehicle Detection. Drivers can interact with MBUX to access critical information regarding battery status, charging locations, and proactive notifications for emergency vehicles. This integration aims to improve the electric vehicle ownership experience, making it safer and more user-friendly.
Cerence Inc. (NASDAQ: CRNC) has unveiled Cerence Co-Pilot, a groundbreaking, AI-powered driving assistant designed to enhance user experience in connected and autonomous vehicles. This proactive, multi-modal system can anticipate drivers' needs through advanced integrations with vehicle sensors and real-time data. The Co-Pilot aims to improve safety by alerting drivers to maintenance issues and severe weather, while also offering conveniences like in-car commerce. Cerence will showcase this innovation at CES 2022.
Cerence Inc. (NASDAQ: CRNC) announced its partnership with Toyota Motor North America to integrate Cerence Browse into Toyota and Lexus vehicles. This AI-powered cloud service allows passengers to access real-time information and general knowledge while on the go. Users can ask diverse questions ranging from stock information to news events, enhancing the in-car experience beyond traditional navigation. The 2022 Lexus NX and Toyota Tundra models will be the first to utilize this technology, which aims to increase user engagement and satisfaction.
Cerence Inc. (NASDAQ: CRNC) announced the appointment of Dr. Stefan Ortmanns as its new president and CEO, effective immediately. Ortmanns, who has been with the company for over 20 years, previously led the Core Products business and is credited with generating more than 80% of Cerence's revenue. His leadership aims to enhance operational efficiency and foster innovation within the company. The transition follows the immediate resignation of Sanjay Dhawan, who led Cerence for two years. The company expects its first quarter fiscal 2022 results to align with prior guidance.
Cerence Inc. (NASDAQ: CRNC) has partnered with Micware, Co., Ltd. to enhance voice-powered assistant experiences for two-wheeler vehicles in Japan. Utilizing Cerence's two-wheeler mobility platform, the collaboration aims to integrate voice commands through helmet systems and digital speedometers. With the growing demand for e-bikes, this partnership seeks to offer safety and comfort through intelligent voice interfaces. The global connected two-wheeler market is expected to expand, providing a unique opportunity for both companies to innovate in this sector.
Cerence reported strong results for FY21, with revenue reaching $387.2M, a 17% increase compared to the previous year. The company achieved bookings of $590M, increasing its backlog to approximately $2B. Notable achievements included securing VinFast as a major customer and winning an Automotive News PACE Award for Cerence Pay. The GAAP operating margin was 15.7%, with net income of $45.9M. Despite industry challenges, Cerence expects continued growth, forecasting FY22 revenue between $400M and $425M, reflecting a 7% increase.
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Cerence Inc. (NASDAQ: CRNC) has been awarded Software Supplier of the Year at the Informa Tech Automotive Awards for its outstanding performance in 2020. This recognition highlights Cerence's innovative AI-powered products and their successful integration into vehicles by leading automakers. The award reflects Cerence’s commitment to innovation and its impact on the automotive industry. CEO Sanjay Dhawan emphasized the company’s leadership in voice recognition and the development of user experiences that will shape future in-car technologies.
Cerence (NASDAQ: CRNC) will announce its fourth quarter and full fiscal year 2021 financial results on November 22, 2021 at 7:00 a.m. EST. The announcement will be followed by a live conference call at 10:00 a.m. EST, where investors and analysts can participate by dialing in. The conference will be accessible via webcast on the company's website. A teleconference replay will be available until November 29, 2021. Cerence is known for its innovations in mobility, having shipped nearly 400 million cars equipped with its technology.
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