TECH - Why Is Software Company Cerence Stock Trading Higher Monday? | Benzinga
Cerence Inc (NASDAQ: CRNC) reported a fourth-quarter FY23 revenue growth of 38.9% year-on-year to $80.8 million, beating the consensus of $73.4 million.
Adjusted gross margin expanded by 1,400 bps to 72.9%. Adjusted EPS of $0.09 missed the consensus of $0.15.
Adjusted operating ...