05:43 PM EDT, 04/30/2024 (MT Newswires) -- CCC Intelligent Solutions ( CCCS ) reported Q1 adjusted net income late Tuesday of $0.09 per diluted share, up from $0.07 a year earlier.

Analysts surveyed by Capital IQ forecast $0.08.

Revenue for the quarter ended March 31 was $227.2 million, up from $204.9 million a year earlier.

Analysts polled by Capital IQ projected $225.7 million.

The software-as-a-service company said it expects Q2 revenue between $228.5 million and $230.5 million. Analysts polled by Capital IQ are looking for $231 million.

Revenue for 2024 is now projected to be $944 million to $950 million. Analysts surveyed by Capital IQ expect $946.7 million.

CCC shares were up 7% in in after-hours activity.

Price: 12.00, Change: +0.78, Percent Change: +6.95