Exhibit 99.1 Cerence Announces Second Quarter Fiscal Year 2024 Results Headlines • Q2 revenue above the high end of the guidance range due to OEM-related adjustments; however, Company lowering its FY24 guidance and withdrawing its multi-year plan • Included in Q2 results is a Goodwill impairment charge of approximately $252 million • Company believes that initial success with new generative AI products, including six design wins, and early validation of its next-gen platform will provide a solid foundation ...