SS&C Technologies Holdings Earnings: Everything You Must Know Now

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.

SS&C Technologies Holdings, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased to $0.42 in the quarter versus EPS of $0.29 in the year-earlier quarter.

Revenue: Rose 79.52% to $171.8 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: SS&C Technologies Holdings, Inc. reported adjusted EPS income of $0.42 per share. By that measure, the company beat the mean analyst estimate of $0.40. It missed the average revenue estimate of $172.24 million.

Quoting Management: “We are pleased with the progress we have made integrating our GlobeOp and PORTIA acquisitions. Our technological capabilities combined with our global operations and accounting expertise is proving to be a winner,” said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “Our innovative cloud-based services continue to be a strategic focus. We are well into our fourth release of our portals and mobility apps and we have begun to roll out a new analytics solution. The power of this solution is its ability to gather accounting and operational information our clients need to make the best possible decision on their data — every time, in real-time. We are branding these integrated capabilities SS&C Investment Intelligence. We believe SS&C Investment Intelligence complements the investment process and leverages our client’s investment intelligence. SS&C’s independence, transparency and focus are driving larger opportunities and leading to increased revenues and profit margins. Further we have reduced our leverage from 4.2x at the close of our GlobeOp acquisition to 3.7x at the end of December.”

Key Stats (on next page)…

Revenue increased 3.77% from $165.56 million in the previous quarter. EPS increased 7.69% from $0.39 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.38 and has not changed. For the current year, the average estimate is a profit of $1.39, which is the same with that ninety days ago.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)