How did CXDO's Q4 2024 EPS outperform forecasts?

Crexendo's Q4 2024 EPS outperformed forecasts due to several key factors: 1. **Revenue Growth**: Crexendo reported a 15% increase in revenue for Q4 2024, reaching $16.2 million. This growth was driven by strong performance in its software solutions segment, which saw a 32% year-over-year revenue increase to $7.0 million. The overall service revenue also rose by 4% to $8.0 million compared to the previous year. 2. **Software Solutions Segment Success**: The software solutions segment's remarkable success was a significant contributor to the company's financial performance. This segment experienced a 30% increase in revenue for the year, reaching $23.4 million. The fourth quarter alone saw a 32% growth, indicating strong demand and effective market penetration for Crexendo's software offerings. 3. **International Expansion**: Crexendo reported a 39% organic increase in international revenues, particularly in the European Union, Australia, and the first new licensee in Africa. This expansion highlighted the company's strategic focus on global markets and its ability to leverage international opportunities. 4. **Strategic Partnerships**: Crexendo's partnership with Symbio for the launch of AdvancedPBX is another factor that could have contributed to its financial success. This partnership leveraged Crexendo's NetSapiens platform and Symbio's infrastructure to offer a new cloud-based communications solution. In summary, Crexendo's Q4 2024 EPS outperformed forecasts due to robust revenue growth, particularly in its software solutions segment, successful international expansion, and strategic partnerships. These factors collectively contributed to the company's strong financial performance and profitability.