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Jun 30, 2022
Cerence Q3 2022 Earnings Report
Delivered solid performance in core automotive business, achieved record professional services revenue and secured key wins and nominations.
Key Takeaways
Cerence Inc. reported its third quarter fiscal year 2022 results. The company delivered strong performance in its core automotive business and achieved record professional services revenue. Cerence secured key wins and nominations, including a win back from Big Tech. The company is maintaining a strong focus on productivity, performance-based operations, and cost structures.
Delivered strong performance in core automotive business
Achieved record professional services revenue, a key indicator of license and connected services growth
Secured key wins and nominations including a win back from Big Tech
Maintained strong focus on productivity, performance-based operations and cost structures
Cerence
Cerence
Cerence Revenue by Segment
Revenue by Segment
License Revenue
CapyFin.com Forward Guidance
For the fiscal quarter ending September 30, 2022, revenue is expected to be in the range of $52 million to $58 million. Adjusted EBITDA is expected to be in the range of approximately ($11) million to ($5) million. For the full fiscal year ending September 30, 2022, revenue is now expected to be in the range of $322 million to $328 million. Adjusted EBITDA is expected to be in the range of approximately $79 million to $85 million.