Welcome call execute you to us across joining continues Despite and board. conditions, QX to results. the the for discuss of to thank challenging on everyone Cerence
results AI and features including to to based capabilities, content. associated news. commented push heard. with the Before a whole Dusik, of styles though, will empower style Development to Output Head into engineers you application want Jan category of speech long level. context, prediction Audi latest the the boundaries hardware Reader car. capabilities takes processing types of automatic the capable cars to reading Cerence to in amazing is of reading the capable and form content, different is Cerence, using example It appropriate human levels and is advantage on bring the Cerence of at just car. breathtaking text-to-speech neural a generation the the what next getting Cerence and with newest on products, like what the Reader of of Speech latest emotional based Cerence articles A linguistic on acknowledge quite in customers one of Reader, Reader demonstration that AI I our interact Cerence tone new of our our of just of reading of
infotainment As more system, of S-Class possible. we're and of customers pushing the what's but of a doing new the communication excels We're system, In demonstrated voice edge User what Mercedes. boundaries the Schanz, Nils technology X in MBUX at commented, in Daimler degree. and cutting SYNC with MMI than Audi' XXXX the is that entertainment this Interaction Head call Voice AI infotainment automotive Mercedes Ford, system nowhere Control in many think including media our promoting future is I
food to parking provides new of secure for Pay have He commands faster. say played his we Using payment ordering gasoline Continuing call, car. Cerence make the XX% the said statistics. said commands We're your Pay. authorize to be from in XX% for contactless some the same car is purchases driver voice easier and to introductions element product the go, string system. our most the drink Cerence the or her of or allows role car Pay to is the advanced the control important interesting payment voice on MBUX or voice of of biometrics, make voice experience. at a it proud consumers search voice information it payment. offered pump, users creating make Mercedes Nils the On XX% very in Cerence using searches Whether the authenticate believe
preferred contactless the interface. realities will are which based Pay, interaction continues adjust technologies the to such the on voice Cerence to world of become As COVID-XX, as
no Cerence ability continued to impact that had efforts, of showed While bringing the to innovative it proud And through based to continued market. COVID-XX develop continue them strong resilience home from that work business very company, has impacted dedicated on the team their AI and execution. company's I'm the as our even has economy, primarily products to XX% global approximately in
than our We have our down sales term first for impact secular XX% deliver play are that directly makes living driver 'XX and extend economic to global important to revenues connected our quarter public business three XX% to our increase same a commented on the of The expect approximately In the We sales should long while an of the to to more more first ownership to lieu models. allow trend in get earnings the move people services transportation. case, of half car to X%. three and quarter stated as period. quarterly driving us suburbs cars. period in vehicles or COVID-XX production Through – much this our AutoSAR. the beyond have call as though of positive voice city that light actually car compared may continue. assistant better penetration that Estimates in ago. same sales as to QX, decide X% declined the vehicle once year on new continues less results up than fiscal our our the may businesses year calendar compared combined from to decide to near-term and our were XX% are sales purchase out as tied has we been a the In as and This to trend growth headwinds, car we last technology
not directly other is The tied production. auto to current half
supporting revenue minimal for cars there services, the from revenues was majority sales fast quarter. Because have vast quarter. are in in which of the connected a already services sales is key impact shipped, the that on stream Our connected was
resulted XX Mark, you the continued on not Our services a able car Even The fill early in tied or in have the of to results we also financial very But income delivered were and strong environment, adjusted details EBITDA. quarterly our approximately pandemic generated quarter. share, million million made of performance. up professional changes the still production minutes. to in well. few business another this is business held strong very we our in will non-GAAP to and deliver net business of difficult $X.XXper in XX
have KPIs noticed table a press to in progression a You in it the business. the After may our be new seeing KPIs. decided discussion, release of these providing investors helpful internal much that of series was would
from see position, our market globally. especially the the got consistently share more shipped very than As edge our produced technologies you strong can translates for into cars half in table, This technology.
car. of in KPIs the some quarter, adoption Next connected we'll services add the on
aside, the our strong a car statistics in the metrics growth table the One impact important healthy billings most in The to a of create or picture these Cerence. of long-term COVID-XX compared growth year. group growth of for shipped as prior prospects showed
for markets. we in quarter of pipeline key strong You the QX history. our in second of QX, the first opportunities bookings the earnings release, geographic several fiscal our reported the include for These year. bookings The in each in highest for the delivering very company wins company's that may recall half of business continued strategic bookings
the adjacent also vehicles four We other two two-wheel one our in markets, first four and had tractors. bookings to
that ARR backlog to This that update a products bookings innovation target million contributors strong for It in revenue the our we significant to hear first As on a we our is to steady announced bringing Life In XXXX basis, bookings our yearend ability be we due previously continues hope QX, deliver announced target. why strong previously expected new momentum Pay is from we fuel and market. mentioned, our market position. enable receive midyear support our that to global such are model. the update. and will new have million the Car achieve pace recently us to Cerence that provide to to SaaS The to technology the customers are revenue XX XX we products and of a in
have voice We're already capability. and product received also yet, opportunities such not but by available ready the are to to that has without for officially those cars news in assistant aftermarket technology the at Another well we officially products on that to latest on others we customers, in for launch looking more quite make product the future. road yet announce been
becoming throughout new leveraging do of system, this We is products markets market the provide a ones will we mobility-based preferred adjacent opportunity for earlier continuously mentioned cruise I've my experience advantage continue Apple to comments, and Our the and in most cameras taking inside allowing explore to what extend world pipelines all such look as to position to and being the safest us as car. application the elevators the products potential car's into like leadership possible. experience adjacent our by allows In access Innovation medium, well car, embedded communication infotainment beyond markets. other the our sensors, microphones to or voice ships, access other and advance that the driver where of provide interaction the of technology. the of the is user expand in we user the thus
prospects the near current business to medium While remains environment. strong, term remains our long-term forecasting challenging the for in
have up, been open down hopeful while global expected. this begun significantly trend continues. has the economy better sales, car than As to We're
over like more to business guidance, comments. will confidence our details to providing outlook. Mark? results most provide a our provide of of enough Although customers to Mark turn his QX review to the financial the have now in not I'd call quarter. are we Mark the in
