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Dec 31, 2021
SS&C Q4 2021 Earnings Report
SS&C Technologies reported an increase in revenue and earnings per share for the fourth quarter of 2021.
Key Takeaways
SS&C Technologies Holdings, Inc. announced its Q4 and full year 2021 financial results, with GAAP revenue reaching $1,294.2 million, up 7.5%, and GAAP EPS at $0.94, up 27.0%. The company also reported adjusted revenue of $1,296.2 million, up 7.5%, and adjusted EPS of $1.28, up 13.3%.
SS&C generated net cash from operating activities of $1,429.0 million for the twelve months ended December 31, 2021.
The company paid down $519.9 million in debt in 2021.
Adjusted organic revenue growth for Q4 2021 was 6.9%.
Adjusted consolidated EBITDA margin increased to 40.3%, up 90 bps from Q4 2020.
SS&C
SS&C
SS&C Revenue by Segment
Revenue by Segment
Software-enabled services Revenue
CapyFin.comLicense, maintenance and related Revenue
CapyFin.com Forward Guidance
SS&C provided guidance for Q1 2022 and FY 2022, including adjusted revenue, adjusted net income, adjusted diluted earnings per share, cash from operating activities, capital expenditures, diluted shares, and effective income tax rate.
Positive Outlook
- Adjusted Revenue ($M) Q1 2022: $1,258.0 – $1,298.0
- Adjusted Revenue ($M) FY 2022: $5,130.0 – $5,330.0
- Adjusted Net Income attributable to SS&C ($M) Q1 2022: $326.0 – $343.5
- Adjusted Net Income attributable to SS&C ($M) FY 2022: $1,375.0 – $1,445.0
- Adjusted Diluted Earnings per Share attributable to SS&C Q1 2022: $1.22 – $1.28
Challenges Ahead
- Adjusted Diluted Earnings per Share attributable to SS&C FY 2022: $5.10 – $5.40
- Cash from Operating Activities ($M) FY 2022: $1,440.0 – $1,510.0
- Capital Expenditures (% of revenue) FY 2022: 2.6% – 3.0%
- Diluted Shares (M) Q1 2022: 268.3 – 267.8
- Diluted Shares (M) FY 2022: 269.5 – 267.5
Revenue & Expenses
Visualization of income flow from segment revenue to net income