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Mar 31, 2021
Cerence Q2 2021 Earnings Report
Cerence achieved record revenue and exceeded quarterly guidance.
Key Takeaways
Cerence reported a record second quarter with revenue reaching $98.7 million, a 14% increase compared to the same quarter last fiscal year. The company exceeded its quarterly guidance on all GAAP and non-GAAP financial metrics and delivered strong GAAP Net Income of $11.2M and Adjusted EBITDA of $39.3M. Cerence also raised its full-year revenue and profitability guidance.
Set new quarterly record of $98.7M in revenue, up 14% compared to the same quarter last fiscal year
Exceeded company quarterly guidance on all GAAP and non-GAAP financial metrics
Continued to deliver strong GAAP Net Income of $11.2M, and Adjusted EBITDA of $39.3M
Raised full year revenue and profitability guidance
Revenue by Segment
Forward Guidance
For the fiscal quarter ending June 30, 2021, Revenue is expected to be in the range of $94M to $97M representing a 25% to 29% increase compared to the same period in the prior year. GAAP Net Income is expected to be in the range of $4M to $5M, and Adjusted EBITDA is expected to be in the range of $34M to $37M. For the fiscal year ending September 30, 2021, the Revenue range was increased and is now expected to be in the range of $380M to $390M, representing a 15% to 18% increase compared to the prior year. GAAP Net Income for the fiscal year is expected to be in the range of $35 to $42M. Adjusted EBITDA for the full year is expected to be in the range of $143M to $152M.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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