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CRNC $8.99 +4.41%
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CRNC · Cerence Inc.

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$8.99 +0.38 (+4.41%) At close · Aug 14
Market Cap
$406.62M
Shares
45.23M
All earnings calls

Earnings call · FY2024 Q1

Cerence Inc. Q1 FY2024 Earnings Call

Cerence Inc. Q1 FY2024 Earnings Call

Concluded Feb 6, 2024
Feb 6, 2024 0 turns
Period
FY2024 Q1
Runtime
—
Sources
2 artifacts
8-K 10-Q

Executive readout · one minute

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Revenue $138.34M +65.4% YoY
Diluted EPS $0.53
Gross margin 81.0% +12.3 pp YoY
Net income $23.86M

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8-K earnings release Filed Feb 6, 2024 10-Q report Filed Feb 8, 2024

Quarter detail

How the reported period landed and where the business moved.

Revenue · products & services

Connected Services$96.82M +426.4% YoY
License$20.82M -54.2% YoY
Professional Services$20.69M +4.3% YoY

Capital returned

Buybacks
$6.21M
Full-screen source Call document

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