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Mar 31, 2022
SS&C Q1 2022 Earnings Report
SS&C Technologies reported strong adjusted revenue and adjusted diluted EPS growth despite a tumultuous geopolitical landscape and volatile markets.
Key Takeaways
SS&C Technologies Holdings, Inc. announced its financial results for the first quarter ended March 31, 2022, with GAAP revenue up 5.0% and adjusted revenue up 4.9%. The company reported GAAP earnings per share of $0.64 and adjusted diluted earnings per share of $1.25. SS&C generated $183.5 million in net cash from operating activities and repurchased 2.3 million shares of common stock.
Q1 2022 organic growth was 4.3%, with strong performance from our Alternatives, Intralinks, and Advent business units.
Q1 2022 financial services organic growth, excluding the healthcare business, was 5.9%, which represents 93% of our revenues.
Healthcare revenue declined 15.5% in Q1 2022, but a strong recovery is expected in 2023 with the upcoming launch of DomaniRx.
Repurchased 2.3 million shares of common stock in Q1 2022 at an average price of $75.22 per share for $170.9 million.
SS&C
SS&C
SS&C Revenue by Segment
Revenue by Segment
Software-enabled services Revenue
CapyFin.comLicense, maintenance and related Revenue
CapyFin.com Forward Guidance
SS&C provides guidance for Q2 2022 and FY 2022, including adjusted revenue, adjusted net income, adjusted diluted earnings per share, cash from operating activities, capital expenditures, diluted shares, and effective income tax rate.
Positive Outlook
- Q2 2022 Adjusted Revenue: $1,328.0 – $1,368.0 (Millions)
- FY 2022 Adjusted Revenue: $5,350.0 – $5,510.0 (Millions)
- Q2 2022 Adjusted Net Income attributable to SS&C: $301.0 – $317.0 (Millions)
- FY 2022 Adjusted Net Income attributable to SS&C: $1,329.0 – $1,395.0 (Millions)
- Q2 2022 Adjusted Diluted Earnings per Share attributable to SS&C: $1.13 – $1.19
Challenges Ahead
- FY 2022 Adjusted Diluted Earnings per Share attributable to SS&C: $4.99 – $5.21
- FY 2022 Cash from Operating Activities: $1,315.0 – $1,375.0 (Millions)
- FY 2022 Capital Expenditures: 2.6% – 3.0% of revenue
- Q2 2022 Diluted Shares: 267.2 – 266.7 (Millions)
- FY 2022 Diluted Shares: 268.0 – 266.4 (Millions)
Revenue & Expenses
Visualization of income flow from segment revenue to net income