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CCCS - CCC Intelligent Solutions: IX Cloud To Provide More Cross-Selling Opportunities
CCC Intelligent Solutions Holdings Inc.
2024-05-18 05:25:57 ET
Summary
CCC Intelligent Solutions reported 11% revenue growth in 1Q24, beating estimates, and raised its FY24 revenue guidance.
CCCS has a long growth runway and significant opportunities for cross-selling in the auto-claims process and the broader P&C insurance market.
The introduction of the IX Cloud platform will make CCCS more sticky and drive further cross-selling opportunities, while AI-related products and payments offer additional growth potential.