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Mar 31, 2020
Cerence Q2 2020 Earnings Report
Cerence reported record quarterly GAAP revenue and strong financial performance.
Key Takeaways
Cerence Inc. reported its second fiscal quarter 2020 results with record quarterly GAAP revenue at $86.5M, an increase of approximately 23% year over year. The company also reported GAAP EPS of $0.33 and non-GAAP EPS of $0.43.
First-half of fiscal year bookings reach a record of $533M exceeding FY2019 full year bookings
Record quarterly GAAP revenue at $86.5M increased approximately 23% year over year
Strong financial performance with GAAP EPS of $0.33 and non-GAAP EPS of $0.43
Adjusted EBITDA of $29.0M increased 55%, and adjusted EBITDA margin of 33.6% increased 26% compared to Q2FY19
Revenue by Segment
Forward Guidance
Due to the global economic impact of COVID-19, the company is unable to provide guidance for its fiscal Q3 and is withdrawing its previous guidance for the fiscal year.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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