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Jun 30, 2021

SS&C Q2 2021 Earnings Report

SS&C Technologies reported strong Q2 2021 results with revenue growth and earnings per share increase.

Key Takeaways

SS&C Technologies announced its Q2 2021 financial results, reporting a 10.6% increase in GAAP revenue to $1,259.0 million and a 10.9% increase in fully diluted GAAP earnings per share to $0.71. The company also announced a $1 billion common stock repurchase program.

GAAP revenue increased by 10.6% to $1,259.0 million.

Fully Diluted GAAP Earnings Per Share increased by 10.9% to $0.71.

Adjusted revenue increased by 10.5% to $1,261.0 million.

Adjusted Diluted Earnings Per Share increased by 19.2% to $1.24.

Total Revenue
$1.26B
Previous year: $1.14B
+10.5%
EPS
$1.24
Previous year: $1.04
+19.2%
Operating margin
24.9%
Previous year: 21.2%
+17.5%
Gross Profit
$595M
Previous year: $511M
+16.4%
Cash and Equivalents
$247M
Previous year: $262M
-5.7%
Free Cash Flow
$368M
Previous year: $401M
-8.1%
Total Assets
$17.4B
Previous year: $15.6B
+12.0%

SS&C

SS&C

SS&C Revenue by Segment

Forward Guidance

SS&C provided guidance for Q3 2021 and FY 2021.

Positive Outlook

  • Q3 2021 Adjusted Revenue: $1,205.0 – $1,245.0 (in millions)
  • FY 2021 Adjusted Revenue: $4,921.0 – $5,001.0 (in millions)
  • Q3 2021 Adjusted Net Income: $309.0 – $325.0 (in millions)
  • FY 2021 Adjusted Net Income: $1,258.0 – $1,295.0 (in millions)
  • Q3 2021 Adjusted Diluted Earnings per Share: $1.15 – $1.21

Revenue & Expenses

Visualization of income flow from segment revenue to net income