SS&C Technologies: Fourth Quarter Financial Highlights

SS&C Technologies Reports Strong Fourth-Quarter Results

SS&C Technologies Holdings Inc., headquartered in Windsor, Connecticut, announced its financial results for the fourth quarter, revealing a net income of $193.1 million.

The company’s earnings translated to $0.77 per share. After accounting for nonrecurring items, adjusted earnings reached $1.69 per share.

These figures exceeded analysts’ expectations, as the consensus from four Zacks Investment Research analysts had predicted earnings of $1.62 per share.

During the quarter, the provider of financial services software generated $1.65 billion in revenue, surpassing the $1.63 billion forecasted by analysts surveyed by Zacks.

For the full year, SS&C Technologies reported a total profit of $796.9 million, or $3.15 per share, with annual revenue amounting to $6.28 billion.

Outlook for the Next Quarter and Full Year

• For the first quarter ending in March, the company anticipates earnings per share to be between $1.62 and $1.68.
• Projected revenue for the fiscal first quarter is expected to fall between $1.61 billion and $1.65 billion.
• For the entire year, SS&C Technologies forecasts earnings per share in the range of $6.70 to $7.02, with revenue estimates between $6.65 billion and $6.81 billion.

Financial data for this report was sourced from Zacks Investment Research and compiled by Automated Insights.