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CCC (WA:CCCP) Intelligent Solutions Holdings Inc. (NASDAQ:CCCS), a leader in prepackaged software services with a market capitalization of $5.9 billion, has announced the upcoming departure of a key executive. Marc Fredman, the company’s Senior Vice President and Chief Strategy Officer, has informed the company of his intention to resign by September 30, 2025. The announcement was made public through an 8-K filing with the Securities and Exchange Commission dated May 7, 2025. The company maintains impressive gross profit margins of 76% and generated revenue of $969 million in the last twelve months.
Fredman’s decision to step down from his current role was disclosed on May 7, 2025, but he is expected to continue supporting the company in a part-time advisory role after his resignation. The company expressed gratitude for Fredman’s significant contributions during his decade-long tenure, recognizing his service to the company, its employees, and customers, as well as his role in CCC’s success. According to InvestingPro, the company’s net income is expected to grow this year, with analysts maintaining a positive outlook. InvestingPro offers 8 additional key insights about CCCS’s financial performance and outlook.
The company, headquartered in Chicago, Illinois, and incorporated in Delaware, has not yet announced a successor for Fredman’s position. CCC Intelligent Solutions has a history dating back to its former name, Dragoneer Growth Opportunities Corp., before its name change on July 14, 2020.
The 8-K filing also included standard company information, such as the business address, telephone number, and fiscal year-end, but the focus of the report was on the executive change. The company’s common stock, traded under the symbol CCCS, is listed on The Nasdaq Stock Market LLC.
This development may be of interest to investors and stakeholders as they monitor the company’s executive landscape and strategic direction moving forward. The information reported is based on the company’s recent SEC filing.
In other recent news, CCC Intelligent Solutions Holdings Inc reported its financial results for the first quarter of 2025, showing a stable performance. The company met its earnings per share (EPS) forecast of $0.08, while revenue slightly exceeded expectations, reaching $251.6 million against the anticipated $249.76 million. This indicates a year-over-year revenue growth of 10.7%, demonstrating strong operational execution. The company also achieved a significant milestone by crossing the $1 billion revenue run rate. CCC Intelligent Solutions maintained a robust customer retention rate with a software gross dollar retention of 99% and a net dollar retention of 107%. Analysts from firms like William Blair and Goldman Sachs noted the company’s strategic positioning and the potential impact of its new solutions like MedHUB on future growth. The company continues to face challenges such as declining auto insurance claim volumes, which were down 9% year-over-year, and economic uncertainties that may impact sales cycles. However, CCC Intelligent Solutions remains optimistic about its strategic initiatives, projecting full-year 2025 revenue between $1.046 billion and $1.056 billion, indicating an 11% year-over-year growth.
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