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Stock impact report

Cerence Stock Surges 15.3% in a Month: Should You Buy the Stock? [Yahoo! Finance]

Cerence Inc. (CRNC) 
Last cerence inc. earnings: 2/11 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
The upside can be attributed to Cerence's strong portfolio, expanding clientele and growing global presence in the automotive industry, all supported by a solid network of partners. The positive momentum is reflected in its impressive third-quarter fiscal 2024 financial results. Cerence posted revenues of $70.5 million, up 14% year over year. In the reported quarter, Cerence achieved notable success by securing eight new OEM design wins, including partnerships with major automakers like Volkswagen VWAGY, Audi, SEAT and Skoda. These wins showcase the growing adoption of Cerence's AI-powered solutions. Cerence Inc. Price and Consensus Cerence Inc. price-consensus-chart | Cerence Inc. Quote The company also saw a significant increase in the number of cars equipped with its technology, with the usage of connected services rising 19% over the trailing 12-month period. The upside underscores the expanding impact of Cerence's innovative solutions in the automotive sector. Given Show less Read more
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