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Mar 31, 2021
SS&C Q1 2021 Earnings Report
SS&C demonstrated strong financial performance with revenue and EPS growth, driven by strength in alternatives, Intralinks, and software businesses.
Key Takeaways
SS&C Technologies reported a strong first quarter in 2021, with GAAP revenue up 5.1% to $1,233.4 million and adjusted revenue up 4.9% to $1,235.4 million. Fully diluted GAAP earnings per share increased by 75.7% to $0.65, while adjusted diluted earnings per share rose by 14.6% to $1.18. The company also generated $185.7 million in net cash from operating activities, a 25.7% increase from the same period in 2020, and repurchased 2.7 million shares of common stock for $181.4 million.
GAAP revenue increased by 5.1% to $1,233.4 million.
Fully Diluted GAAP Earnings Per Share increased 75.7% to $0.65.
Adjusted revenue increased by 4.9% to $1,235.4 million.
Adjusted Diluted Earnings Per Share increased 14.6% to $1.18.
Revenue by Segment
Forward Guidance
SS&C provided guidance for Q2 2021 and FY 2021. For Q2 2021, the company expects adjusted revenue between $1,190.0 million and $1,230.0 million and adjusted diluted earnings per share between $1.10 and $1.16. For FY 2021, adjusted revenue is expected to be between $4,825.0 million and $4,965.0 million, and adjusted diluted earnings per share is projected to be between $4.54 and $4.76.
Positive Outlook
- Adjusted Revenue (Q2 2021): $1,190.0 – $1,230.0 million
- Adjusted Revenue (FY 2021): $4,825.0 – $4,965.0 million
- Adjusted Net Income (Q2 2021): $294.0 – $310.0 million
- Adjusted Net Income (FY 2021): $1,213.0 – $1,279.0 million
- Adjusted Diluted Earnings per Share (Q2 2021): $1.10 – $1.16
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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