Cerence Inc

NASDAQ CRNC

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Cerence Inc Pre-Tax Margin for the quarter ending March 31, 2024: -11.41%

Cerence Inc Pre-Tax Margin is -11.41% for the quarter ending March 31, 2024, a 47.66% change year over year. Pre-tax margin represents the proportion of a company's earnings before taxes (EBT) to its revenue. It is calculated by dividing the EBT by the revenue. This ratio indicates the profitability of the company's operations before the impact of taxes. A higher pre-tax margin suggests that the company generates a larger proportion of revenue as pre-tax profit, indicating stronger operational performance and efficiency.

Cerence Inc Pre-Tax Margin for the quarter ending March 31, 2023 was -21.79%, a -399.37% change year over year.
Cerence Inc Pre-Tax Margin for the quarter ending March 31, 2022 was 7.28%, a -66.43% change year over year.
Cerence Inc Pre-Tax Margin for the quarter ending March 31, 2021 was 21.68%, a 22.21% change year over year.
Cerence Inc Pre-Tax Margin for the quarter ending March 31, 2020 was 17.74%, a 152.24% change year over year.

NASDAQ: CRNC

Cerence Inc

CEO	Dr. Stefan Ortmanns
IPO Date	Oct. 2, 2019
Location	United States
Headquarters	15 Wayside Road, Burlington, MA, United States, 01803
Employees	1,700
Sector	Technology
Industry	Software - application

Description

Cerence Inc. provides AI powered virtual assistants for the mobility/transportation market in United States, Other Americas, Germany, Europe, Middle East, Africa, Japan, and Other Asia-Pacific. The company offers edge software components, cloud-connected components, virtual assistant coexistence, and professional services. It also provides conversational artificial intelligence-based solutions, including speech recognition, natural language understanding, speech signal enhancement, text-to-speech, and acoustic modeling technology. Cerence Inc. is headquartered in Burlington, Massachusetts.

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