Cerence reported better-than-expected fourth-quarter operating results, which included no contribution from fixed contracts. The company's bookings reached $684 million, a 16% increase compared to fiscal year 2021.
Delivered strong full fiscal new bookings at $684M, up 16% year over year
Record fiscal year revenue for Professional Services
Awarded strategic win-back program from big tech
Cerence technology is in 51% of global auto production
First quarter and full fiscal 2023 guidance will be provided during the investor day presentation.
Visualization of income flow from segment revenue to net income
Analyze how earnings announcements historically affect stock price performance