CCC Intelligent Solutions Holdings Inc. (CCCS) is surging in the pre-market trading session, with its stock price rising by 6.02% following the company's impressive fourth-quarter earnings report and positive outlook for the upcoming fiscal year.

The company reported a stellar financial performance for the quarter ended December 31, 2024, with revenue increasing by 7.8% year-over-year to $246.46 million, surpassing analyst estimates. CCCS also exceeded earnings expectations, reporting an adjusted EPS of $0.10, in line with the consensus estimate. Moreover, the company's adjusted EBITDA for the quarter stood at $106 million, reflecting a robust margin of 43%.

For the full fiscal year 2024, CCCS reported revenue of $945 million, up 9% year-over-year, and an adjusted EBITDA of $397 million, with a margin of 42%. The company's strong financial results were driven by solid growth in its software solutions and effective cost management.

Looking ahead, CCCS provided an optimistic outlook for fiscal year 2025, projecting revenue in the range of $1.055 billion to $1.065 billion, representing a growth of approximately 12% at the midpoint. Additionally, the company forecasted an adjusted EBITDA of $417 million to $427 million, with a margin of 40% at the midpoint.

CCCS's positive performance and outlook were further bolstered by its recent acquisition of EvolutionIQ, enhancing its capabilities in the disability and workers' compensation markets. While the integration is expected to result in a moderate EBITDA loss in 2025, the long-term growth prospects of the combined entity remain promising.

Analysts have reacted favorably to CCCS's results, with the majority of recommendations being "Buy" or "Strong Buy". The company's strong financial performance, strategic acquisitions, and positive guidance have fueled investor confidence, leading to the pre-market surge in its stock price.