Cerence Inc Stock Price, News & Analysis

Cerence Inc. (NASDAQ: CRNC) will present at the Raymond James 42nd Annual Institutional Investors Conference on March 3, 2021, at 3:00 p.m. ET. The session will feature CEO Sanjay Dhawan and CFO Mark Gallenberger in a fireside chat format. Interested parties can access the webcast in the 'Events & Resources' section of Cerence's website. A replay will also be available following the event. Cerence is a leading innovator in mobility experiences, having shipped over 350 million cars equipped with its technology.

Cerence Inc. (NASDAQ: CRNC) has launched Cerence Tour Guide, an AI-powered application for automotive assistants that integrates professional travel content into vehicles. This innovation, developed in partnership with Viator and Road.Travel, enhances driving experiences by providing historical insights and booking capabilities while driving. The app features two modes: Planned Tour for organized trips and Explore Mode for dynamic suggestions along routes. This initiative aims to deepen connections between drivers and their automotive brands while creating new revenue streams for OEMs.

Cerence Inc. reported a 23% revenue growth in Q1 FY21, achieving record revenues of $95 million, exceeding all financial guidance. The company secured a major contract with a European OEM for next-generation infotainment systems and launched new applications like Cerence Pay. Key metrics include a GAAP net income of $21.6 million and an Adjusted EBITDA of $40.3 million. For Q2 FY21, revenue is projected at $92 million to $95 million, while full-year guidance has been updated to $370 million to $380 million.

Cerence Inc. (NASDAQ: CRNC) announced its upcoming participation in the Goldman Sachs Technology and Internet 2021 Conference on February 10, 2021, at 9:40 a.m. Eastern Time. The chat will feature Sanjay Dhawan, CEO, and Mark Gallenberger, CFO, discussing the company's advancements in automotive AI. Investors can access the presentation via the company’s website under the “Events & Resources” section, with a replay available afterward. Cerence is recognized for enhancing driving experiences with over 20 years in the industry and over 350 million cars equipped with its technology.

Cerence Inc. (NASDAQ: CRNC) has received the Best Ecological Cooperation Developer of 2020 Award at the Baidu Maps Annual Developer Ceremony in Beijing. This recognition highlights Cerence's collaboration with Baidu, enhancing automotive mapping services through AI and big data. The integration of Baidu's mapping solutions into the Cerence Automotive Platform aims to deliver personalized and intelligent driving experiences, meeting the rising demand for advanced automotive technology. With over 500,000 mobile applications utilizing Baidu’s services, Cerence continues to strengthen its footprint in the mobility industry.

Cerence Inc. (NASDAQ: CRNC) will announce its fiscal Q1 2021 financial results on February 8, 2021, for the quarter ending December 31, 2020. A conference call will be hosted at 10:00 a.m. EST, allowing investors and analysts to discuss the results. The teleconference replay will be available until February 15, 2021. Cerence is recognized for its innovative mobility solutions, having shipped over 350 million cars equipped with its technology, positioning itself as a leader in connected mobility.

Cerence (NASDAQ: CRNC) has appointed Sujal Shah as the new Head of Professional Services, leveraging 23 years of experience in automotive product development. Shah previously held leadership roles at HARMAN, where he drove innovation in infotainment and ADAS solutions. CEO Sanjay Dhawan highlighted Shah’s expertise as crucial for Cerence's growth. Shah expressed enthusiasm for advancing Cerence's vision for safer mobility. This management change aims to enhance services for automakers and strengthen Cerence's position as a leader in connected mobility solutions.

Cerence Inc. (NASDAQ: CRNC) has launched a new cloud service center in Japan, enhancing AI-powered services for Toyota Motor Corporation (TMC). The facility aims to improve response times for AI applications such as speech recognition and natural language understanding, resulting in a better user experience for drivers. This initiative follows Toyota's use of Cerence's technology since 2014, focusing on voice interactions in connected services. The new cloud center exemplifies Cerence's commitment to innovation in automotive AI solutions, meeting the growing expectations of Japanese consumers.

Cerence Inc. (NASDAQ: CRNC) has announced its expansion into the mobility sector with the launch of its Cerence Mobility Platforms. Designed for automotive, two-wheelers, and building mobility, these platforms aim to enhance AI-driven, voice-first experiences. This strategic move builds on the company's established automotive expertise and follows the introduction of Cerence Drive 2.0 and Cerence Cloud Services. The automotive platform promises a personalized, multimodal user experience, while the two-wheeler and building mobility solutions aim to improve connectivity and user interaction in their respective fields.