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News  ›  The Motley Fool

Why Cerence Stock Soared Today

The Motley Fool Logo The Motley Fool By Joe Tenebruso
Why Cerence Stock Soared Today

Cerence reported strong Q4 fiscal results with 11% revenue growth, secured a $49.5 million legal settlement from Samsung, and expects 8% growth in its core technology business in the coming year.

Insights
CRNC   positive

Strong quarterly performance with 11% revenue growth, 52% of worldwide auto production using their technology, threefold increase in cash flow, and a significant legal settlement from Samsung