Cerence Releases Second Quarter Fiscal 2023 Financial Results

On May 9, 2023, Cerence announced its second quarter results for fiscal year 2023 ending March 31, 2023. In the quarter, the company achieved strong revenue and profitability, and the global share of mass-produced vehicle technology rose to 53%. Bookings in the first half of the year reached US$263 million, an increase of 11% year-on-year, including major orders in North America and China. The company maintained its full-year guidance and appointed Iqbal Arshad as Chief Technology Officer.