Why did CCRD's Q3 earnings exceed forecasts significantly?

CoreCard Corp (CCRD) reported a significant surge in revenue and earnings for Q3 2024, surpassing analyst estimates, due to several key factors: 1. **Increase in License Revenue**: License revenue contributed significantly to the overall growth, with a substantial increase year-over-year. This was driven by the introduction of new features and functionalities in the CoreCard platform, which attracted existing and new customers alike. 2. **Growth in Processing and Maintenance Services**: The company's processing and maintenance services revenue also experienced notable growth, reflecting the expanding demand for CoreCard's advanced card management solutions. This segment saw a 4% year-over-year increase in revenue. 3. **Higher Professional Services Revenue**: CoreCard's professional services revenue grew, primarily due to the company's successful onboarding of new customers and the expansion of services to existing clients. This segment contributed positively to the overall revenue growth. 4. **Strategic Partnerships**: CoreCard's strategic partnerships, such as the renewed agreements with Goldman Sachs, have provided increased revenue visibility and stability, supporting the company's growth trajectory. In summary, CoreCard's Q3 earnings exceeded expectations due to a combination of increased license revenue, growth in processing and maintenance services, higher professional services revenue, and strategic partnerships. These factors collectively contributed to the company's strong financial performance and underscore its ability to capitalize on the growing demand for advanced card management platforms.