Ms. Salinas has served as Senior Vice President & General Counsel of Cerence since April 2022. Prior to Cerence, she was Head of Litigation at Lenovo, the largest PC company worldwide, and General Counsel of the Infrastructure Solutions Group, a $7 billion Lenovo business unit. Her extensive, more than 25-year background also includes ten years as a Partner at several prominent law firms. Ms. Salinas is the former President of the Hispanic National Bar Association and has received numerous awards and recogn ...

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 inter ...

Core Insights - Cerence Inc. has appointed Antonio ("Tony") Rodriquez as interim Chief Financial Officer (CFO) effective June 4, 2024, bringing over 25 years of financial leadership experience [1][4] - Mr. Rodriquez's previous roles include CFO positions at The Bouqs Company and TouchCommerce Inc., and he has a background in managing finance for various industries including eCommerce and SaaS [3][4] - The company is actively searching for a permanent CFO while Mr. Rodriquez leads the finance organization, which encompasses accounting, tax, FP&A, treasury, facilities, and procurement [1][4] Company Overview - Cerence Inc. is a leader in creating AI-powered experiences for the mobility sector, partnering with major automakers to enhance connected mobility [6] - The company has a strong track record with over 475 million cars equipped with its technology, focusing on connected cars, autonomous driving, and e-vehicles [6]

BURLINGTON, Mass., June 04, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ:CRNC), AI for a world in motion, today announced that BMW Group is leveraging Cerence Audio AI to enhance the safety features in its BMW Personal Pilot L3 conditional automated driving system. BMW will leverage Cerence Emergency Vehicle Detection (EVD) to detect the sirens of approaching emergency vehicles. Part of Cerence's Audio AI suite, Cerence EVD utilizes the distinct sound structure inherent to emergency siren signals to achiev ...

BURLINGTON, Mass., May 29, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today announced that premium electric vehicle (EV) maker Zeekr will integrate Cerence conversational AI technology into its in-car virtual assistant. Zeekr is a global premium electric mobility technology brand under Geely Holding Group. As part of its global expansion strategy, Zeekr has adopted user-driven technologies to meet the needs of drivers from all over the globe. For this commitment, Zeekr c ...

i 1 • our inability to quickly respond to changes in technology and to develop our intellectual property into commercially viable products; • our inability to expand into adjacent markets, including, without limitation, two-wheeled vehicles, trucks and AIoT, in the timeframes or levels expected; • a significant interruption in the supply or maintenance of our third-party hardware, software, services or data; • restrictions on our current and future operations under the terms of our debt and the use of cash ...

Cerence Inc. (NASDAQ:CRNC) Q2 2024 Earnings Conference Call May 9, 2024 8:30 AM ET Company Participants Rich Yerganian - SVP, Investor Relations Stefan Ortmanns - Chief Executive Officer Daniel Tempesta - Chief Financial Officer Conference Call Participants Jeff Van Rhee - Craig-Hallum Nick Doyle - Needham & Company Operator Thank you for standing by. My name is Romani [ph] and I will be your conference operator today. At this time, I would like to welcome everyone to Cerence Q2 2024 earnings call. All line ...

Cerence (CRNC) came out with a quarterly loss of $0.09 per share versus the Zacks Consensus Estimate of a loss of $0.23. This compares to loss of $0.04 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 60.87%. A quarter ago, it was expected that this automotive artificial intelligence developer would post earnings of $0.90 per share when it actually produced earnings of $1.12, delivering a surprise of 24.44%.Over the last four q ...

Cerence Announces Second Quarter Fiscal Year 2024 Results • 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 plan • Company 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 Results Summary (1,2) | --- | --- | --- | --- | --- | --- | --- | --- | --- | |- ...

Wall Street analysts expect Cerence (CRNC) to post quarterly loss of $0.23 per share in its upcoming report, which indicates a year-over-year decline of 475%. Revenues are expected to be $62.22 million, down 9% from the year-ago quarter.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Prior to a company's earnings announcement, it is crucial to consider ...