Cerence Announces Record First Quarter 2021 Results

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Go back to Cerence Announces Record First Quarter 2021 Results

Cerence (CRNC) Tops Q1 EPS by 8c, Revenues Beat; Offers 2Q & FY21 EPS Guidance Above Consensus

February 8, 2021 7:04 AM EST

Cerence (NASDAQ: CRNC) reported Q1 EPS of $0.59, $0.08 better than the analyst estimate of $0.51. Revenue for the quarter came in at $95 million versus the consensus estimate of $87.91 million.

Sanjay Dhawan, Chief Executive Officer of Cerence, stated, We had a stronger than expected start to the fiscal year as auto production continued to recover from the impact of Covid-19. Our 23% revenue growth, compared to the same quarter last year, reflects our strong... More