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SS&C Technologies: 4Q Earnings Snapshot

February 14, 2019

WINDSOR, Conn. (AP) _ SS&C Technologies Holdings Inc. (SSNC) on Thursday reported fourth-quarter earnings of $58.7 million.

The Windsor, Connecticut-based company said it had profit of 23 cents per share. Earnings, adjusted for one-time gains and costs, were 95 cents per share.

The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 85 cents per share.

The financial services software maker posted revenue of $1.11 billion in the period. Its adjusted revenue was $1.13 billion, which also topped Street forecasts. Four analysts surveyed by Zacks expected $1.11 billion.

For the year, the company reported profit of $103.2 million, or 42 cents per share. Revenue was reported as $3.48 billion.

For the current quarter ending in April, SS&C Technologies said it expects revenue in the range of $1.13 billion to $1.16 billion.

The company expects full-year revenue in the range of $4.69 billion to $4.79 billion.

SS&C Technologies shares have increased 25 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $56.34, a climb of 13 percent in the last 12 months.


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