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) announced that SAIC-GM-Wuling has selected them to enhance the WISE ecosystem and upgrade WIND for the Wuling Almaz RS. This new launch, which features advanced Indonesian-language voice control, represents a significant milestone for both Cerence and Wuling in the Indonesian automotive market.
The integration includes conversational AI and natural language understanding, allowing users to control various car functions and access local content effortlessly. With over 1,000 features developed in just nine months, Cerence is committed to delivering user-centric experiences in new global markets.
Cerence Inc. (NASDAQ: CRNC) announced its participation in the 5th Annual Needham Virtual Automotive Tech Conference on June 8, 2021, at 9:30 a.m. ET. CEO Sanjay Dhawan and CFO Mark Gallenberger will lead a fireside chat during the event. The webcast will be accessible via the company's website in the 'Events & Resources' section. Additionally, a replay of the webcast will be available after the presentation.
Cerence is recognized for its innovation in creating interactive mobility experiences, having shipped over 350 million vehicles with its technology.
Cerence Inc. (NASDAQ: CRNC) has partnered with CarPay-Diem to integrate its AI-powered fuel payment platform into Cerence Pay, enhancing the in-car payment experience in Europe.
This collaboration enables drivers to pay for fuel using voice commands, ensuring secure transactions while minimizing smartphone reliance. Currently operational in Benelux and France, CarPay-Diem plans to expand across 10 European countries by 2022. This partnership not only optimizes convenience for drivers but also opens new revenue streams for OEMs and fuel stations, promoting personalized offers and loyalty rewards.
Cerence (NASDAQ: CRNC) and tooz technologies, a joint venture of ZEISS and Deutsche Telekom, have announced a collaboration to integrate conversational AI with smart glasses to enhance the two-wheeler rider experience. The partnership aims to improve safety and intelligence in mobility through the use of the Cerence 2-Wheeler Mobility Platform, which allows riders to stay informed while keeping their focus on the road. The tooz Smart Glasses will display essential information like navigation and traffic updates directly in the rider's field of view, aiming for a safer and more enjoyable riding experience.
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.