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SS&C Technologies Q2 Adjusted Earnings, Revenue Increase; Q3 Outlook Set; 2024 Guidance Raised
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SS&C Technologies Q2 Adjusted Earnings, Revenue Increase; Q3 Outlook Set; 2024 Guidance Raised
Jul 25, 2024 2:20 PM

04:53 PM EDT, 07/25/2024 (MT Newswires) -- SS&C Technologies Holdings ( SSNC ) reported Q2 adjusted earnings late Thursday of $1.27 per diluted share, up from $1.08 a year earlier.

Analysts polled by Capital IQ expected $1.20.

Revenue for the quarter ended June 30 was $1.45 billion, up from $1.36 billion a year earlier.

Analysts surveyed by Capital IQ expected $1.43 billion.

For Q3, the software firm is projecting adjusted EPS of $1.21 to $1.27 on adjusted revenue of $1.42 billion to $1.46 billion. Analysts are looking for $1.27 and $1.44 billion, respectively.

For 2024, SS&C ( SSNC ) raised its adjusted EPS guidance to $4.98 to $5.22 from $4.93 to $5.17. Analysts polled by Capital IQ expect $5.10. The company also increased its adjusted revenue forecast to $5.71 billion to $5.87 billion from $5.70 billion to $5.86 billion. Analysts expect $5.78 billion.

The company said its board authorized renewal of a $1 billion share repurchase program to buy back its outstanding common shares.

Shares of SS&C Technologies ( SSNC ) were up 4.4% in after-hours activity.

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