Welcome to our dedicated page for CCC Intelligent Solutions Holdings news (Ticker: CCCS), a resource for investors and traders seeking the latest updates and insights on CCC Intelligent Solutions Holdings stock.
CCC Intelligent Solutions Holdings Inc. (Symbol: CCCS) is a leading provider of cutting-edge technology solutions for the automotive and property & casualty insurance industries. For over 30 years, CCC has pioneered innovative software, delivering exceptional customer service and insightful analysis to shape the industry. Their advanced SaaS platform, utilizing cloud, mobile, AI, telematics, and hyperscale technologies, connects trading partners, facilitates commerce, and supports mission-critical, AI-enabled digital workflows. CCC is instrumental in helping people get back into their cars quickly after accidents through seamless integrations between insurers, auto manufacturers, repairers, part suppliers, and millions of drivers worldwide.
Recent achievements include significant advancements in telematics, ridesharing, autonomous vehicles, and usage-based insurance, demonstrating their commitment to driving the future of vehicle and insurance technology. With a strong presence in the United States and China, CCC generates the majority of its revenue from software subscriptions and professional services, primarily within the U.S.
The company’s ecosystem not only enhances operational efficiencies but also delivers superior customer experiences, making CCC a pivotal player in the insurance economy. Whether you are an insurer, auto manufacturer, or repairer, CCC offers the solutions you need to innovate and succeed. If you are looking to be part of a dynamic and forward-thinking team, CCC Intelligent Solutions Holdings Inc. is the place to be.
CCC Intelligent Solutions Holdings Inc. announced strong first quarter 2024 financial results, with revenue up 11% year-over-year to $227.2 million. The company reported a 41% adjusted EBITDA margin, exceeding guidance. CCC's GAAP gross profit was $167.9 million, with a gross margin of 74%. Adjusted gross profit was $177.0 million, with a margin of 78%. However, GAAP net loss was $0.6 million for the quarter. CCC announced the CCC Intelligent Experience (IX) Cloud platform, aiming to transform the P&C insurance economy by leveraging AI-enabled innovation. The company also introduced CCC Inbound Subrogation, an AI-powered solution for claims demands. CCC completed two secondary offerings of common stock, increasing the publicly traded float to approximately 60% from 30% in October 2023.
FAQ
What is the current stock price of CCC Intelligent Solutions Holdings (CCCS)?
What is the market cap of CCC Intelligent Solutions Holdings (CCCS)?
What does CCC Intelligent Solutions Holdings Inc. do?
Where is CCC Intelligent Solutions Holdings Inc. located?
How does CCC Intelligent Solutions generate revenue?
What industries does CCC Intelligent Solutions serve?
What is CCC's SaaS platform used for?
How does CCC help after an accident?
What are some recent advancements at CCC?
Who can benefit from CCC's solutions?
How long has CCC Intelligent Solutions been in operation?
What makes CCC a leader in its industry?
