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Dec 31, 2019
SS&C Q4 2019 Earnings Report
SS&C reported record adjusted revenue and adjusted diluted earnings per share, and reduced leverage ratio.
Key Takeaways
SS&C Technologies reported an 8.3% increase in GAAP revenue to $1,203.5 million and a 134.8% increase in fully diluted GAAP earnings per share to $0.54 for Q4 2019. Adjusted revenue increased by 7.0% to $1,212.2 million, with adjusted diluted earnings per share up by 13.7% to $1.08. The company's operating cash flow increased significantly, and the leverage ratio was reduced.
GAAP revenue increased by 8.3% to $1,203.5 million.
Fully diluted GAAP earnings per share increased by 134.8% to $0.54.
Adjusted revenue increased by 7.0% to $1,212.2 million.
Adjusted diluted earnings per share increased by 13.7% to $1.08.
SS&C
SS&C
SS&C Revenue by Segment
Revenue by Segment
Software-enabled services Revenue
CapyFin.comLicense, maintenance and related Revenue
CapyFin.com Forward Guidance
SS&C provided guidance for Q1 2020 and FY 2020, including adjusted revenue, adjusted net income, cash from operating activities, capital expenditures, diluted shares, and effective income tax rate.
Positive Outlook
- Q1 2020 Adjusted Revenue ($M): $1,150.0 – $1,190.0
- FY 2020 Adjusted Revenue ($M): $4,692.0 – $4,852.0
- Q1 2020 Adjusted Net Income ($M): $248.5 – $264.5
- FY 2020 Adjusted Net Income ($M): $1,084.5 – $1,139.5
- Cash from Operating Activities ($M): $1,220.0 – $1,260.0
Challenges Ahead
- Capital Expenditures (% of revenue): 2.9% – 3.1%
- Diluted Shares (M): 268.5 – 267.5
- Effective Income Tax Rate (%): 26%
- SS&C does not provide reconciliations of guidance for Adjusted Revenues and Adjusted Net Income to comparable GAAP measures
- SS&C is unable, without unreasonable efforts, to forecast certain items required to develop meaningful comparable GAAP financial measures.
Revenue & Expenses
Visualization of income flow from segment revenue to net income