SS&C Technologies: Q1 Earnings Snapshot
WINDSOR, Conn. (AP) _ SS&C Technologies Holdings Inc. (SSNC) on Monday reported first-quarter profit of $174.9 million.
The Windsor, Connecticut-based company said it had profit of 65 cents per share. Earnings, adjusted for one-time gains and costs, were $1.18 per share.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.10 per share.
The financial services software maker posted revenue of $1.23 billion in the period. Its adjusted revenue was $1.24 billion, also beating Street forecasts. Six analysts surveyed by Zacks expected $1.19 billion.
For the current quarter ending in July, SS&C Technologies expects its per-share earnings to range from $1.10 to $1.16.
The company said it expects revenue in the range of $1.19 billion to $1.23 billion for the fiscal second quarter.
SS&C Technologies expects full-year earnings in the range of $4.54 to $4.76 per share, with revenue ranging from $4.83 billion to $4.97 billion.
SS&C Technologies shares have decreased 1% since the beginning of the year. In the final minutes of trading on Monday, shares hit $72, a rise of 41% in the last 12 months.