What drove CXDO's EPS growth in 2024?

Crexendo Inc. (CXDO) experienced a positive EPS growth in 2024, driven by several key factors: 1. **Revenue Growth**: Crexendo saw a significant increase in total revenue, which grew by 14% year-over-year to $60.8 million for the fiscal year 2024. This was primarily attributed to a 15% rise in quarterly revenue to $16.2 million in Q4 2024. The growth in revenue was broad-based, with notable contributions from both the Cloud Telecommunications and Software Solutions segments. 2. **Software Solutions Segment Expansion**: The Software Solutions segment experienced a remarkable surge, with a 30% increase in revenue year-over-year to $23.4 million for the fiscal year 2024. This segment's performance was particularly strong, driven by innovative product offerings and strategic market positioning. 3. **International Expansion**: Crexendo reported a 39% organic increase in international revenues, which underscored its strategic focus on global markets. This expansion, particularly in the European Union, Australia, and Africa, contributed to the overall revenue growth. 4. **Gross Margin Improvement**: The company's gross margin improved from 59% to 62% in Q4 2024, indicating enhanced operational efficiency and profitability. 5. **Strategic Investments and Innovations**: Crexendo's strategic investments in AI and cloud-based communication solutions have positioned the company as a leader in the Unified Communications as a Service (UCaaS) market. The introduction of new AI-powered software features and product enhancements has likely contributed to the company's financial performance. In summary, Crexendo's EPS growth in 2024 was driven by robust revenue growth, particularly in the Software Solutions segment, international expansion, improved gross margins, and strategic investments in innovative technologies. These factors collectively contributed to the company's financial success and profitability.