Cerence Inc (CRNC) Q4 2024 Earnings Call Highlights: Surpassing Expectations Amidst Challenges [Yahoo! Finance]
Cerence Inc. (CRNC)
Last cerence inc. earnings: 2/11 07:00 am
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Source: Yahoo! Finance
The company achieved strong momentum in generative AI solutions, with 10 customer wins and 6 program launches in fiscal year 2024. (Source: 'Cerence Inc (NASDAQ:CRNC) exceeded its Q4 revenue guidance with $54.8 million, surpassing the high end of the expected range.') Cerence Inc has a strong competitive position in the connected services market due to its ability to customize and create experiences tailored to OEM needs. The company grew its connected business by 12% year-over-year and anticipates it will continue to be a growth area. (Source: 'Tony Rodriguez, Interim CFO: We grew the connected business by 12% year-over-year, and we anticipate it will continue to be a growth area.') The company previously focused on driving bookings rather than differentiating products. With the introduction of large language models, Cerence Inc is improving both the end-user experience and its product development process, reducing costs and increasing speed to market. (Source: 'Brian Krzanich, C
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News
- Cerence Full Year 2024 Earnings: Revenues Beat Expectations, EPS In Line [Yahoo! Finance]Yahoo! Finance
- Cerence Inc. (CRNC) Q4 2024 Earnings Call Transcript Nov. 21, 2024 11:52 AM ET [Seeking Alpha]Seeking Alpha
- Tuya Stock Plunges 32% Year to Date: Should You Buy the Dip? [Yahoo! Finance]Yahoo! Finance
- Cerence Announces Fourth Quarter and Fiscal Year 2024 Results [Yahoo! Finance]Yahoo! Finance
- Cerence Announces Fourth Quarter and Fiscal Year 2024 ResultsGlobeNewswire
CRNC
Earnings
- 11/21/24 - Beat
CRNC
Sec Filings
- 11/21/24 - Form 8-K
- 11/14/24 - Form SC
- 11/4/24 - Form 4
- CRNC's page on the SEC website