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) delivers cutting-edge AI solutions for next-generation vehicles, specializing in voice interaction and connected mobility systems. This news hub provides investors and industry professionals with timely updates on the company’s product innovations, strategic developments, and market positioning.
Access curated press releases and analysis covering CRNC’s advancements in automotive-grade AI, including earnings announcements, technology partnerships, and product launches. Stay informed about developments in conversational interfaces, cloud-connected services, and embedded systems designed for global automakers.
Key updates include executive insights, OEM collaboration milestones, and advancements in generative AI applications for safer, more intuitive driving experiences. Content is organized to help users track CRNC’s role in shaping voice-enabled mobility ecosystems across passenger vehicles and two-wheelers.
Bookmark this page for streamlined access to verified Cerence news, ensuring you stay ahead in understanding how AI-driven automotive technologies evolve. Regularly updated to reflect the company’s latest contributions to intelligent transportation solutions.
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.
Cerence Inc. (NASDAQ: CRNC) has announced the launch of Cerence Cloud Services, a new suite of connected products designed to enhance connectivity between mobile apps, smart homes, IoT, and in-car systems. Key offerings include:
- Cerence Extend enables drivers to access smartphone apps via voice commands.
- Cerence Connect integrates smart home controls with vehicle functionality.
- Cerence Browse provides real-time internet search capabilities within the car.
This advancement aims to create a safer, more connected driving experience.
Cerence Inc. (NASDAQ: CRNC) announced the launch of its next-generation Cerence Drive, integrating cloud connectivity with embedded solutions to enhance performance and customer experience. This technology, following a complete re-architecture, allows for a unified software stack that supports Cerence Cloud Services and Mobility Platforms. The new features include 75% improved accuracy and five times faster performance, continuous improvement via cloud updates, and enhanced personalization through voice biometrics. This innovation aims to strengthen Cerence’s position in the mobility sector.
Cerence Inc. (NASDAQ: CRNC) announced its next-generation product portfolio at the Cerence In Motion event, including the Cerence Drive 2.0 conversational AI platform, new Cerence Cloud Services, and Cerence Mobility Platforms for two-wheelers and buildings. CEO Sanjay Dhawan emphasized the integration of embedded and cloud technologies to enhance modern mobility. The offerings aim to connect users' digital lives with transportation, marking a strategic growth milestone for the company. A virtual event showcasing these innovations is scheduled for January 19, 2021.
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