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Cerence Inc CRNC

Technology Software - Application
Cerence Inc. is a provider of artificial intelligence (AI)-powered assistants for connected and autonomous vehicles. The Company is engaged in selling software licenses and cloud-connected services. Its software platform is used to build virtual assistants that can communicate, find information and take action across an expanding variety of categories. Its software platform has a hybrid architecture combining edge software components with cloud-connected components. Its Edge software components are installed on a vehicle’s head unit and can operate without access to external networks and information. Its Cloud-connected components are comprised of certain speech and natural language understanding related technologies, AI-enabled personalization and context-based response frameworks, and a content integration platform. It delivers its solutions on a white-label basis, enabling its customers to deliver customized virtual assistants with branded personalities.


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Cerence Inc
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Post by whytestockson Nov 21, 2024 10:15am
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Post# 36323641

Cerence Announces Fourth Quarter and Fiscal Year 2024 Result

Cerence Announces Fourth Quarter and Fiscal Year 2024 Result
Just In: $CRNC Cerence Announces Fourth Quarter and Fiscal Year 2024 ResultsHeadlines Q4 Revenue exceeds high end of guidance; positive cash flow from operations of $6.1 million Transformation plan on track to deliver net annualized cost savings of $35-$40 million Initial FY25 revenue guidance of $236 to $247 million Record high of 22 pl...CRNC - Cerence Announces Fourth Quarter and Fiscal Year 2024 Results

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