Cerence Announces Record Second Quarter 2021 Results

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Go back to Cerence Announces Record Second Quarter 2021 Results

Cerence (CRNC) Tops Q2 EPS by 17c, Revenues Beat; Offers 3Q & FY21 EPS Guidance Above Consensus, Affirms 3Q Revenues Outlook

May 10, 2021 7:16 AM EDT

Cerence (NASDAQ: CRNC) reported Q2 EPS of $0.69, $0.17 better than the analyst estimate of $0.52. Revenue for the quarter came in at $98.66 million versus the consensus estimate of $93.44 million.

Cerence Second Quarter Highlights

Set new quarterly record of $98.7M in revenue, up 14% compared to the same quarter last fiscal yearExceeded company quarterly guidance on all GAAP and non-GAAP financial metricsContinued to deliver strong GAAP Net Income of $11.2M, and Adjusted EBITDA of $39.3MRaised full year revenue and profitability guidanceStrong bookings for new Applications productsCompleted strategic wins in the... More