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) is a leading software company based in the United States, specializing in creating advanced, AI-driven solutions for the mobility world. As an innovation partner to the world's leading automakers and mobility OEMs, Cerence is pioneering the future of connected mobility. The company's cutting-edge technology facilitates seamless, intuitive interaction between humans and their vehicles, integrating consumers' digital lives with their daily journeys.
Cerence boasts over 20 years of expertise and has shipped its technology in more than 475 million cars globally. The company's solutions span connected cars, autonomous driving, e-vehicles, and other domains, ensuring a smarter, safer, and more enjoyable driving experience.
Recent milestones include the appointment of Daniel Tempesta as Chief Financial Officer, who brings over 30 years of financial and operational expertise. Cerence also introduced CaLLM™, its automotive-specific large language model, which is already gaining traction with three major global automakers. Furthermore, the company is collaborating with Foxtron to bring voice-powered interaction to electric vehicles in Taiwan, and BMW Group is leveraging Cerence's Emergency Vehicle Detection technology to enhance safety features in its vehicles.
Financially, Cerence generates revenue primarily through software licenses and cloud-connected services, with a significant portion derived from the United States and a growing presence in regions like Europe, the Middle East, Africa, and Asia-Pacific. Despite facing challenges such as production delays and economic uncertainties, the company remains committed to advancing its generative AI and large language model product roadmap, aiming to drive sustainable, long-term value.
To stay updated on Cerence's latest developments, visit their website at www.cerence.com and follow the company on LinkedIn and Twitter.
Cerence Inc. (NASDAQ: CRNC) announced its participation in the Gabelli 45th Annual Automotive Symposium on November 2, 2021, at 5:00 PM ET. The event will feature a fireside chat with CEO Sanjay Dhawan and CFO Mark Gallenberger. Investors can access the webcast through the Company’s website under the 'Events' section. A replay of the presentation will also be available on the site. Cerence is a leader in creating advanced mobility solutions, having shipped nearly 400 million cars equipped with its technology.
Cerence Inc. (NASDAQ: CRNC) announced its partnership with VinFast, Vietnam's premier electric vehicle manufacturer, to integrate conversational AI into its smart EVs. This technology enables voice-activated access to essential in-car functions such as navigation, media, and climate controls, enhancing the user experience. The AI assistant can communicate in six languages, allowing for interactive, natural language conversations. Cerence's solutions aim to provide a seamless driver experience as VinFast expands its global footprint in the electric vehicle market.
Cerence Inc. (NASDAQ: CRNC) announced its ongoing collaboration with Audi to enhance the in-car assistant platform for the new Audi e-tron GT and Q4 e-tron. This partnership emphasizes voice-powered access to crucial features such as navigation and media control, showcasing the growing importance of the in-car experience in next-gen electric vehicles. The voice assistant, activated by "Hey, Audi," utilizes advanced speech recognition and natural language processing to facilitate a more intuitive interaction. Cerence aims to redefine electric mobility experiences through this innovative technology.
Cerence (NASDAQ: CRNC) will present at the Evercore ISI Autotech & AI Forum on September 21, 2021, at 2:00 p.m. Eastern Time. The presentation will feature CFO Mark Gallenberger and Vice President of Investor Relations Rich Yerganian in a fireside chat format. Investors can access the event via webcast through the company's website under the 'Events' section. A replay will also be available post-event. Cerence is a leader in creating connected mobility experiences, with over 400 million cars equipped with their technology.
Cerence (NASDAQ: CRNC) has announced its participation in the Jefferies Virtual Software Conference on September 14, 2021, at 11:00 a.m. ET. The event will feature a fireside chat with CEO Sanjay Dhawan and CFO Mark Gallenberger. Interested parties can access the live webcast through the 'Events' tab in the 'Investors' section of Cerence's website, where a replay will also be available post-event. Cerence is a leader in creating advanced mobility experiences, serving top automakers and integrating digital life with transportation.
Cerence Inc. (NASDAQ: CRNC) recently announced its participation in two upcoming conferences. The first is the Cowen 14th Annual Global Transportation & Sustainable Mobility Conference on September 9, 2021, at 10:40 a.m. ET, followed by the 2021 RBC Capital Markets Global Industrials Virtual Conference on September 10, 2021, at 8:40 a.m. ET. Both events will feature a fireside chat with CEO Sanjay Dhawan and CFO Mark Gallenberger. Investors can access the webcasts on Cerence's website, with replays available afterward.
Cerence Inc. (NASDAQ: CRNC) announced its participation in the Raymond James 2021 Diversified Industrials Conference on August 24, 2021, at 12:00 p.m. Eastern Time. The event will feature a fireside chat with CEO Sanjay Dhawan and CFO Mark Gallenberger. Attendees can access the live webcast through the company's website under the 'Events & Resources' tab. A replay will also be available post-event. Cerence is a leader in creating advanced mobility experiences, having shipped nearly 400 million cars with its technology.
Cerence Inc. reported a robust 29% year-over-year revenue growth for Q3 FY21, achieving $96.8M in GAAP revenue. The company surpassed its quarterly guidance on key profitability metrics and raised its FY24 revenue target from $600M to $700M. Key performance indicators show Cerence holds 53% of worldwide auto production with its technology and an impressive 6.8-year average contract duration. Strategic collaborations were announced with Sirius XM, Visteon, and Harman, boosting growth potential. The Q4 FY21 revenue guidance is set between $97M and $101M, reflecting a 6% to 11% increase compared to last year.
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