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SS&C Technologies: 2Q Earnings Snapshot

July 29, 2019

WINDSOR, Conn. (AP) _ SS&C Technologies Holdings Inc. (SSNC) on Monday reported second-quarter net income of $121.1 million, after reporting a loss in the same period a year earlier.

The Windsor, Connecticut-based company said it had net income of 45 cents per share. Earnings, adjusted for one-time gains and costs, came to 91 cents per share.

The results met Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was also for earnings of 91 cents per share.

The financial services software maker posted revenue of $1.15 billion in the period. Its adjusted revenue was $1.16 billion, surpassing Street forecasts. Six analysts surveyed by Zacks expected $1.15 billion.

For the current quarter ending in October, SS&C Technologies said it expects revenue in the range of $1.12 billion to $1.15 billion.

The company expects full-year revenue in the range of $4.57 billion to $4.63 billion.

SS&C Technologies shares have climbed 32% since the beginning of the year. In the final minutes of trading on Monday, shares hit $59.69, an increase of 9.5% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SSNC at https://www.zacks.com/ap/SSNC

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