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. develops conversational AI software for automotive, transportation and related industrial use cases. News about CRNC commonly covers vehicle user-experience platforms such as Cerence xUI, voice AI, generative AI and large language model features for in-car assistants, along with customer programs involving automakers, transportation OEMs, technology companies and partner-led industrial deployments.
Recurring updates also include quarterly results, revenue guidance, cash flow and adjusted EBITDA commentary, software licensing and cloud-connected service activity, patent and intellectual-property actions, and product adoption across connected vehicles and embedded voice applications.
Cerence reported a record revenue of $98.7M for Q2 FY2021, marking a 14% increase year-over-year. The company exceeded guidance in all financial metrics, achieving a GAAP net income of $11.2M and an Adjusted EBITDA of $39.3M. Full-year guidance has been raised, anticipating revenue between $380M and $390M, reflecting a 15% to 18% growth compared to the previous year. Strong bookings in new Applications and strategic wins in the two-wheeler market were also highlighted, reinforcing Cerence's competitive position and innovation.
Cerence has partnered with P97 Networks to enhance payment options at gas stations across the US via voice-powered in-car payments. The collaboration expands the Cerence Pay ecosystem, offering a secure and seamless payment experience. With P97's mobile commerce platform, drivers can easily locate fueling stations, check prices, and make purchases—all using voice commands. The partnership aims to improve productivity and safety for drivers, providing an innovative solution integrated with major fuel brands in over 30% of retail fuel sites in the country.
Cerence Inc. (NASDAQ: CRNC) will present at the 2021 Wells Fargo Securities Virtual Industrials Conference on May 6, 2021, at 11:20 a.m. ET. The discussion will feature CEO Sanjay Dhawan and CFO Mark Gallenberger in a fireside chat format. The event will be webcast and accessible through the 'Events & Resources' section of Cerence's website. A replay of the webcast will also be available on their site. Cerence is a leader in providing innovative solutions for connected mobility, with over 350 million cars equipped with their technology.
Cerence (NASDAQ: CRNC) will announce its second quarter fiscal 2021 financial results on May 10, 2021, at 7:00 a.m. EST. The company will host a conference call at 10:00 a.m. EST to discuss the results. Investors can access the call by dialing 1.844.467.7116 (domestic) or +1.409.983.9838 (international) with pass code 7998527. The replay will be available through May 17, 2021. Cerence is recognized as a leader in creating advanced mobility experiences and has shipped over 350 million cars equipped with its technology.
Cerence (NASDAQ: CRNC) has received significant recognition at the 2021 Project Voice Awards, being honored as Independent Voice/AI Company of the Year and Voice Developer of the Year. CEO Sanjay Dhawan was named Voice/AI Executive of the Year, reflecting the company's rapid innovation and leadership in voice and conversational AI. Their collaboration with Mercedes-Benz on the next-gen MBUX system also earned them the Automotive Voice/AI Developer of the Year award. Cerence’s innovative use of AI technology highlights its position in the mobility landscape.
Cerence Inc. (CRNC) announced its collaboration with Hyundai Motor Company to provide Dynamic Voice Recognition in the new IONIQ 5, enhancing the electric vehicle experience. Utilizing hybrid embedded and cloud technologies, this voice-powered assistant allows drivers to control navigation, communication, and in-car functions seamlessly. CEO Sanjay Dhawan emphasized the importance of technology in improving safety and convenience for EV drivers. This partnership aims to redefine the electric vehicle experience, focusing on driver comfort and safety.
Cerence Inc. (NASDAQ: CRNC) announced participation in several key automotive and voice technology events from April to May 2021. Cerence's VP of Product, Christophe Couvreur, will discuss edge computing applications at NVIDIA GTC 21 on April 12. The company’s CEO, Sanjay Dhawan, will be featured at the Project Voice Council and The Voice of the Car Summit. Other executives will present insights on conversational AI systems and multi-modal applications at various industry conferences. These engagements showcase Cerence's leadership in AI-driven mobility solutions.
Cerence Inc. (NASDAQ: CRNC) has launched its Cerence Drive conversational AI platform on Android Automotive OS, enabling automakers to create custom-branded voice assistants. This OS-agnostic offering allows manufacturers to maintain brand ownership, control over driver data, and facilitate interoperability with major tech ecosystems. The platform enhances driver experience through features like multi-intent support and noise cancellation. Cerence aims to provide a seamless integration of branded experiences while preserving data visibility for ongoing improvement and innovation.
Cerence Inc. (NASDAQ: CRNC) announced its participation in the Cowen Mobility Disruption Conference on March 11, 2021, at 11:50 a.m. ET. The presentation will involve a fireside chat featuring CEO Sanjay Dhawan and CFO Mark Gallenberger. Interested parties can access the live webcast through the 'Events & Resources' section on the Cerence website. A replay will also be available post-event. Cerence is a leader in AI for mobility, facilitating connections between consumers and their transportation modes.
Cerence Inc. (NASDAQ: CRNC) and CerebrumX have entered a strategic partnership to enhance the connected car experience and generate new revenue streams for OEMs. This collaboration integrates CerebrumX's Augmented Deep Learning Platform (ADLP) into Cerence Drive, facilitating real-time data insights. With over 50 million connected vehicles, the integration aims to unlock value through AI-powered applications such as predictive maintenance and usage-based insurance. This partnership positions Cerence to capitalize on the growing opportunities within the automotive data ecosystem.