BURLINGTON, Mass., Jan. 06, 2025 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ:CRNC) ("Cerence AI" or "the Company"), a global leader in AI for transportation, announced today that it will be presenting at the 27th Annual Needham Growth Conference on Tuesday, January 14, 2025 at 12:45 p.m. Eastern Time. The fireside chat format will feature Brian Krzanich and Tony Rodriquez, Cerence AI's CEO and CFO, respectively. The presentation will be webcast and can be accessed in the "Events" tab under the "Investors" section of the Company's website at https://www.cerence.com/investors/events-and-resources.  The webcast replay will be available on the Company's website at www.cerence.ai. About Cerence

BURLINGTON, Mass., Jan. 03, 2025 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ:CRNC) ("Cerence AI"), a global industry leader in voice AI, today announced an expanded collaboration with NVIDIA to advance the capabilities of its CaLLM™ family of language models, including its cloud-based Cerence Automotive Large Language Model (CaLLM) and its CaLLM Edge embedded small language model. Through this collaboration, CaLLM is powered by NVIDIA AI Enterprise, an end-to-end, cloud-native software platform, and some aspects of CaLLM Edge are powered by NVIDIA DRIVE AGX Orin. Integrating agentic frameworks with in-car conversations in both cloud and embedded forms requires a comprehensive, cross-discipli

BURLINGTON, Mass., Jan. 02, 2025 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ:CRNC) ("Cerence AI"), a global industry leader in AI for transportation, today announced a multi-year agreement with JLR to develop the luxury automotive's next-generation in-car experience. The companies will partner to leverage Cerence's AI-enabled technologies to deliver advanced intelligence and capabilities to JLR customers globally. The companies will continue to work together to expand and improve the JLR in-car experience over time. "JLR has long been synonymous with technologically advanced driving experiences, and we're proud to collaborate with this luxury automotive to further extend their reputatio

BURLINGTON, Mass., Dec. 23, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ:CRNC) ("Cerence AI" or "the Company"), a global leader in AI for transportation, today announced that, in light of its current cash position and outlook for future cash generation, the Company entered into privately negotiated transactions with certain holders of its 3.00% Convertible Senior Notes Due 2025 (the "Notes"), pursuant to which the Company agreed to repurchase approximately $27 million aggregate principal amount of the Notes from such holders at a cash repurchase price equal to 98.5% of their principal amount, together with the accrued and unpaid interest to (but not including) the date of repurchase. The

BURLINGTON, Mass., Dec. 06, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ:CRNC) ("Cerence AI"), a global industry leader in AI for transportation, today announced that, in connection with Antonio ("Tony") Rodriquez's recent appointment as Executive Vice President, Chief Financial Officer effective November 29, 2024, the Company granted Mr. Rodriquez 313,283 time-based restricted stock units and 313,283 performance-based restricted stock units. The time-based restricted stock units will vest in three equal installments on each of October 1, 2025, October 1, 2026, and October 1, 2027, in each case subject to Mr. Rodriquez's continued service with the Company through the applicable vesting da

BURLINGTON, Mass., Dec. 03, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ:CRNC) ("Cerence AI"), a global industry leader in AI for transportation, today announced that it has appointed Antonio ("Tony") Rodriquez as its Chief Financial Officer (CFO), effective November 29, 2024. As Cerence AI's CFO, Mr. Rodriquez will be focused on accelerating growth, improving operating results, and driving sustainable, long-term value, leading the Company's finance organization, including accounting, tax, FP&A, treasury, facilities, and procurement. Mr. Rodriquez previously served as a partner of CSuite Financial Partners, a financial executive services firm, during which he served as Chief Financial Of

Headlines Q4 Revenue exceeds high end of guidance; positive cash flow from operations of $6.1 millionTransformation plan on track to deliver net annualized cost savings of $35-$40 millionInitial FY25 revenue guidance of $236 to $247 millionRecord high of 22 platform launches in FY24, including 6 for generative AI solutions and 4 in Q4 BURLINGTON, Mass., Nov. 21, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ:CRNC), AI for a world in motion, today reported its fourth quarter and fiscal year 2024 results for the year ended September 30, 2024. Results Summary (1,2)(in millions, except per share data)   Three Months Ended  Twelve Months Ended   September 30,  September 30,   2024  2023  2024

BURLINGTON, Mass., Nov. 13, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ:CRNC), AI for a world in motion, today introduced CaLLM™ Edge, its pioneering, automotive-grade, embedded small language model (SLM). This new SLM is available within the existing Cerence solutions portfolio and will power its next-generation AI assistant platform, enabling an intelligent, seamless user experience regardless of connectivity. Developed and optimized in partnership with Microsoft, CaLLM Edge is available directly to Cerence's automaker customers as well as in the Microsoft Azure AI model catalog. CaLLM (Cerence Automotive Large Language Model) Edge is fine-tuned on Microsoft's Phi-3 family of smal

BURLINGTON, Mass., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ:CRNC), AI for a world in motion, will announce its fourth quarter financial results for the quarter ended September 30, 2024, on Thursday, November 21, 2024, at 7:00 a.m. Eastern Time / 4:00 a.m. Pacific Time. The company will host a live conference call and webcast, with accompanying slides, to discuss the results on the same day at 8:30 a.m. Eastern Time / 5:30 a.m. Pacific Time. Interested investors and analysts are invited to join the audio conference call by registering here. Webcast access will be available in the Investor section of the company's website, www.cerence.com. To learn more about Cerence, visit

BURLINGTON, Mass., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ:CRNC), AI for a world in motion, today announced its expanded partnership with Renault to bring generative AI-powered capabilities and human-like interaction to the automaker's next-generation, multi-modal in-car companion, Reno. Reno, the official Renault avatar, is an intelligent, helpful, and endearing in-car companion that brings customers a more intuitive and fun driving experience. Expanding on Renault and Cerence's multi-year partnership to bring Reno to life with humanized, voice-powered interaction, Renault will now leverage generative AI-powered Cerence Chat Pro to advance Reno's capabilities and bring Ren

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Headlines Q4 Revenue exceeds high end of guidance; positive cash flow from operations of $6.1 millionTransformation plan on track to deliver net annualized cost savings of $35-$40 millionInitial FY25 revenue guidance of $236 to $247 millionRecord high of 22 platform launches in FY24, including 6 for generative AI solutions and 4 in Q4 BURLINGTON, Mass., Nov. 21, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ:CRNC), AI for a world in motion, today reported its fourth quarter and fiscal year 2024 results for the year ended September 30, 2024. Results Summary (1,2)(in millions, except per share data)   Three Months Ended  Twelve Months Ended   September 30,  September 30,   2024  2023  2024

BURLINGTON, Mass., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ:CRNC), AI for a world in motion, will announce its fourth quarter financial results for the quarter ended September 30, 2024, on Thursday, November 21, 2024, at 7:00 a.m. Eastern Time / 4:00 a.m. Pacific Time. The company will host a live conference call and webcast, with accompanying slides, to discuss the results on the same day at 8:30 a.m. Eastern Time / 5:30 a.m. Pacific Time. Interested investors and analysts are invited to join the audio conference call by registering here. Webcast access will be available in the Investor section of the company's website, www.cerence.com. To learn more about Cerence, visit

Headlines Q3 revenue in-line with guidance; positive cash flow from operations of $12.9 millionFive generative AI customer programs released to productionTransformation plans estimated to deliver net annualized cost savings of $35-40 million, predominantly realized in FY25 BURLINGTON, Mass., Aug. 08, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ:CRNC), AI for a world in motion, today reported its third quarter fiscal year 2024 results for the quarter ended June 30, 2024. Results Summary (1,2) (in millions, except per share data)  Three Months Ended Nine Months Ended June 30, June 30, 2024 2023  2024  2023 GAAP revenue $70.5  $61.7  $276.7  $213.7 GAAP gross margin  71.5%  66.0%  75.7% 

BURLINGTON, Mass., July 30, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ:CRNC), AI for a world in motion, will announce its third quarter financial results for the quarter ended June 30, 2024 on Thursday, August 8, 2024 at 7:00 a.m. Eastern Time / 4:00 a.m. Pacific Time. The company will host a live conference call and webcast, with accompanying slides, to discuss the results on the same day at 8:30 a.m. Eastern Time / 5:30 a.m. Pacific Time. Interested investors and analysts are invited to join the audio conference call by registering here. Webcast access will be available in the Investor section of the company's website, www.cerence.com. To learn more about Cerence, visit www.cerence

Headlines Q2 revenue above the high end of the guidance range due to OEM-related adjustments; however, Company lowering its FY24 guidance and withdrawing its multi-year planIncluded in Q2 results is a Goodwill impairment charge of approximately $252 millionCompany believes that initial success with new generative AI products, including six design wins, and early validation of its next-gen platform will provide a solid foundation to reinvigorate future growth BURLINGTON, Mass., May 09, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ:CRNC), AI for a world in motion, today reported its second quarter fiscal year 2024 results for the quarter ended March 31, 2024. Results Summary (1,2) (in mi

BURLINGTON, Mass., April 25, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ:CRNC), AI for a world in motion, will announce its second quarter financial results for the quarter ended March 31, 2024 on Thursday, May 9, 2024 at 7:00 a.m. Eastern Time / 4:00 a.m. Pacific Time. The company will host a live conference call and webcast, with accompanying slides, to discuss the results on the same day at 8:30 a.m. Eastern Time / 5:30 a.m. Pacific Time. Interested investors and analysts are invited to join the audio conference call by dialing +1.888.596.4144 for U.S. and Canada or +1.646.968.2525 for international and then entering the conference ID 3095543#. Webcast access will be available in th

Headlines Revenue and profitability exceed the high end of guidance, leading to six quarters of strong executionAnnounced AI partnerships with NVIDIA and MicrosoftMaintained a leadership position, with Cerence penetration staying strong at 54% of global auto productionNew business included a win-back for a large Japanese OEM, a program extension for a major North America OEM, and a major win in AIoT for a wearable product BURLINGTON, Mass., Feb. 06, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ:CRNC), AI for a world in motion, today reported its first quarter fiscal year 2024 results for the quarter ended December 31, 2023. Results Summary (1,2) (in millions, except per share data)   T

BURLINGTON, Mass., Jan. 23, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ:CRNC), AI for a world in motion, will announce its first quarter financial results for the quarter ended December 31, 2023 on Tuesday, February 6, 2024 at 7:00 a.m. Eastern Time / 4:00 a.m. Pacific Time. The company will host a live conference call and webcast, with accompanying slides, to discuss the results on the same day at 8:30 a.m. Eastern Time / 5:30 a.m. Pacific Time. Interested investors and analysts are invited to join the audio conference call by registering here. Webcast access will be available in the Investor Information section of the company's website at www.cerence.com. The teleconference replay w

Headlines Revenue and profitability exceed the high end of the initially guided range for the full fiscal yearFive consecutive quarters of strong executionFourteen strategic design wins in the fiscal year including five competitive winbacksMaintain a leadership position with Cerence penetration staying strong at 54% of global auto productionFine-tuned LLM with Cerence vertical automotive dataset delivered to customers, advancing Destination Next software platform BURLINGTON, Mass., Nov. 27, 2023 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ:CRNC), AI for a world in motion, today reported its fourth quarter and fiscal year 2023 results for the year ended September 30, 2023. Result

BURLINGTON, Mass., Nov. 13, 2023 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ:CRNC), AI for a world in motion, will announce its fourth quarter financial results for the quarter ended September 30, 2023 on Monday, November 27, 2023 at 7:00 a.m. Eastern Time / 4:00 a.m. Pacific Time. The company will host a live conference call and webcast, with accompanying slides, to discuss the results on the same day at 8:30 a.m. Eastern Time / 5:30 a.m. Pacific Time. Interested investors and analysts are invited to join the audio conference call by registering here. Webcast access will be available in the Investor Information section of the Company's website at www.cerence.com. The teleconference replay

Wells Fargo downgraded Cerence from Overweight to Equal Weight and set a new price target of $6.50 from $25.00 previously

Needham resumed coverage of Cerence with a rating of Hold

Craig Hallum downgraded Cerence from Buy to Hold and set a new price target of $22.00

Craig Hallum upgraded Cerence from Hold to Buy and set a new price target of $40.00 from $24.00 previously

Craig Hallum downgraded Cerence from Buy to Hold and set a new price target of $24.00 from $45.00 previously

Raymond James downgraded Cerence from Outperform to Mkt Perform

RBC Capital Mkts upgraded Cerence from Underperform to Sector Perform and set a new price target of $27.00 from $28.00 previously

Goldman Sachs downgraded Cerence from Buy to Neutral and set a new price target of $44.00

Evercore ISI Group downgraded Cerence from Outperform to In-Line and set a new price target of $55.00

Needham reiterated coverage of Cerence with a rating of Buy and set a new price target of $78.00 from $165.00 previously

BURLINGTON, Mass., Dec. 03, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ:CRNC) ("Cerence AI"), a global industry leader in AI for transportation, today announced that it has appointed Antonio ("Tony") Rodriquez as its Chief Financial Officer (CFO), effective November 29, 2024. As Cerence AI's CFO, Mr. Rodriquez will be focused on accelerating growth, improving operating results, and driving sustainable, long-term value, leading the Company's finance organization, including accounting, tax, FP&A, treasury, facilities, and procurement. Mr. Rodriquez previously served as a partner of CSuite Financial Partners, a financial executive services firm, during which he served as Chief Financial Of

BURLINGTON, Mass., Oct. 07, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ:CRNC), AI for a world in motion, today announced that Brian Krzanich has been appointed Chief Executive Officer and a member of the Board of Directors, effective immediately. Mr. Krzanich succeeds Stefan Ortmanns, who is departing as CEO and resigning as a member of the Board. Mr. Krzanich is a seasoned executive with a track record of success at global public organizations. Most recently from 2018 to 2022, Mr. Krzanich served as CEO of CDK Global Inc., the leading supplier of software to the retail automotive industry. After stabilizing CDK's business, he delivered ten consecutive quarters of growth and ultimatel

BURLINGTON, Mass., June 12, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ:CRNC), AI for a world in motion, today announced that Jennifer Salinas, Senior Vice President & General Counsel, has been promoted to the newly created role of Executive Vice President & Chief Administrative Officer, effective June 7, 2024. A Media Snippet accompanying this announcement is available by clicking on this link. In her expanded role, Ms. Salinas will oversee the company's day-to-day administrative activities and corporate operations, including facilitating strategic planning, partnering with the leadership team to define and track company-level and functional objectives, and advancing policy and proc

NEW YORK, June 7, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, June 24, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed from the S

BURLINGTON, Mass., June 04, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ:CRNC), AI for a world in motion, today announced that it has appointed Antonio ("Tony") Rodriquez as its interim Chief Financial Officer (CFO), effective June 4, 2024. Mr. Rodriquez brings over 25 years of experience as a financial leader managing all aspects of finance and accounting for both public and private global companies, including in the eCommerce, SaaS, advertising media and consumer marketing industries. As Cerence's interim CFO, Mr. Rodriquez will lead the company's finance organization, including accounting, tax, FP&A, treasury, facilities, and procurement. A Media Snippet accompanying this announce

BURLINGTON, Mass., March 04, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ:CRNC), AI for a world in motion, today announced that it has appointed Daniel Tempesta as its new Chief Financial Officer (CFO), effective March 18, 2024. Mr. Tempesta brings more than 30 years of financial and operational excellence, as well as extensive knowledge of Cerence from his previous role as CFO of Nuance Communications Inc. ("Nuance"). As Cerence's CFO, Mr. Tempesta will be focused on accelerating growth, improving operating results, and driving sustainable, long-term value. Mr. Tempesta joins Cerence after more than 15 years at Nuance, where he most recently served as EVP & CFO from July 2015 until Dece

BURLINGTON, Mass., May 02, 2023 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ:CRNC), AI for a world in motion, today announced that it has named Iqbal Arshad, an accomplished technology industry veteran, as its new Chief Technology Officer. In this role, Mr. Arshad will lead Cerence's global technology, engineering, and product development organization, responsible for providing executive leadership for the company's technology vision, building innovative user experiences for the company's global automaker and mobility OEM customers, and accelerating Cerence's product roadmap for new business opportunities. Mr. Arshad has shaped some of the most exciting technological developments of the

Appoints Current Board Member and Industry Veteran Tom Beaudoin as New EVP & CFOAdds Former Intel Executive and Automated Driving Leader Doug Davis to BoardProvides Preliminary Financial Results, Affirms Full Year Fiscal 2022 Guidance BURLINGTON, Mass., May 06, 2022 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ:CRNC), AI for a world in motion, today announced that Tom Beaudoin has been appointed Executive Vice President and Chief Financial Officer, effective immediately. Mr. Beaudoin is a Cerence director and an industry veteran with nearly 40 years of relevant financial and industry experience. "With his deep knowledge of the automotive industry, software markets, and Cerence, and as a publi

BUFFALO, N.Y., March 25, 2022 (GLOBE NEWSWIRE) -- ACV (NASDAQ:ACVA), the leading digital automotive marketplace and data services partner for dealers and commercial partners, is celebrating a milestone in company growth, surpassing 2,000 teammates across its North American footprint. This includes acquisitions in the past year of MAX Digital, Drivably and Monk SAS, expanding the number of pioneering tools and technology available to ACV's customers, and adding high-end technical talent to the ACV team. As part of the company's growth, ACV also announces Leanne Fitzgerald as Chief Legal Officer, the newest member of ACV's senior leadership team. Responsible for managing all of ACV's legal,

BURLINGTON, Mass., March 21, 2022 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ:CRNC), AI for a world in motion, today announced that it has named Jennifer Salinas as its new Senior Vice President and General Counsel, effective April 4, 2022. She will be based in the Cerence Burlington, Massachusetts headquarters and will report to Stefan Ortmanns, Cerence CEO. Ms. Salinas, who most recently served as General Counsel of the Infrastructure Solutions Group and Global Head of Litigation at Lenovo, is an experienced and progressive public company legal leader with an ideal combination of top-tier law firm training and senior in-house roles. She brings a stellar track record of advising management