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Mar 31, 2023
SS&C Q1 2023 Earnings Report
SS&C Technologies reported mixed results for Q1 2023, with revenue up but earnings down.
Key Takeaways
SS&C Technologies reported a 5.2% increase in GAAP revenue to $1,362.7 million for Q1 2023. However, GAAP earnings per share decreased by 23.4% to $0.49. The company bought back 2.3 million shares for $134.7 million and paid down $44.6 million in debt.
GAAP and Adjusted Revenue grew by 5.2 percent.
Net cash from operating activities increased by 38.9 percent.
2.3 million shares were repurchased for $134.7 million.
$44.6 million in debt was paid down.
Revenue by Segment
Forward Guidance
SS&C provided guidance for Q2 2023 and FY 2023, 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 2023 Adjusted Revenue: $1,334.5M - $1,374.5M
- Q2 2023 Adjusted Net Income: $276.5M - $293.0M
- Q2 2023 Adjusted Diluted EPS: $1.08 - $1.14
- FY 2023 Adjusted Revenue: $5,455.0M - $5,655.0M
- FY 2023 Adjusted Net Income: $1,190.0M - $1,285.0M
Challenges Ahead
- FY 2023 Capital Expenditures: 3.8% - 4.0% of revenue
- Q2 2023 Diluted Shares: 256.5M - 257.5M
- FY 2023 Diluted Shares: 255.0M - 258.5M
- Q2 2023 Effective Income Tax Rate: 26%
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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