SS&C Technologies Holdings Earnings: Here’s Why Investors are Ambivalent Now
SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
SS&C Technologies Holdings, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 60.71% to $0.45 in the quarter versus EPS of $0.28 in the year-earlier quarter.
Revenue: Rose 84.88% to $173.2 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: SS&C Technologies Holdings, Inc. reported adjusted EPS income of $0.45 per share. By that measure, the company beat the mean analyst estimate of $0.43. It beat the average revenue estimate of $172.96 million.
Quoting Management: “Our software-enabled services business continues to grow, up 110.2 percent over the same period in 2012. We see a lot of potential in fund administration and believe we are in an excellent position,” said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies Holdings, Inc. “We continue to win large mandates and we are seeing opportunity throughout hedge, private equity, managed accounts, pension and insurance markets. The best technology, combined with the best people and processes, are clear and convincing winners.”
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