NASDAQ$SSNC

SS&C Technologies Holdings Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

SS&C demonstrated strong financial performance with revenue and EPS growth, driven by strength in alternatives, Intralinks, and software businesses.

SS&C Technologies reported a strong first quarter in 2021, with GAAP revenue up 5.1% to $1,233.4 million and adjusted revenue up 4.9% to $1,235.4 million. Fully diluted GAAP earnings per share increased by 75.7% to $0.65, while adjusted diluted earnings per share rose by 14.6% to $1.18. The company also generated $185.7 million in net cash from operating activities, a 25.7% increase from the same period in 2020, and repurchased 2.7 million shares of common stock for $181.4 million.

  • GAAP revenue increased by 5.1% to $1,233.4 million.
  • Fully Diluted GAAP Earnings Per Share increased 75.7% to $0.65.
  • Adjusted revenue increased by 4.9% to $1,235.4 million.
  • Adjusted Diluted Earnings Per Share increased 14.6% to $1.18.

Headline financials

Total Revenue

$1.23B

Previous: $1.17B+5.1%
EPS (adj)

$1.18

Previous: $1.03+14.6%
Operating income margin

21.8%

Previous: 18.6%+17.2%
Capital Expenditures

-$9.1M

Previous: -$8.5M-7.1%
Free Cash Flow

$166M

Previous: $90.7M+82.8%
Net Income

$175M

Previous: $99.2M+76.3%
Operating Income

$269M

Previous: $219M+23.0%
Gross Profit

$559M

Previous: $508M+10.1%
Cash & Equivalents

$254M

Previous: $374M-32.1%
Total Assets

$16.7B

Previous: $16B+4.5%
Stock-Based Comp

$27.8M

Previous: $22.5M+23.6%

Revenue & EPS history

SS&C · Revenue · Quarterly

$1.23B

Q1 2021+5.1%vs Q1 2020
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Revenue by segment

SS&C · $1.23B total across 2 segments · Q1 2021

  • Software-enabled services
    $1.04B+5.4%
  • License, maintenance and related
    $190M+3.2%

Forward guidance

SS&C provided guidance for Q2 2021 and FY 2021. For Q2 2021, the company expects adjusted revenue between $1,190.0 million and $1,230.0 million and adjusted diluted earnings per share between $1.10 and $1.16. For FY 2021, adjusted revenue is expected to be between $4,825.0 million and $4,965.0 million, and adjusted diluted earnings per share is projected to be between $4.54 and $4.76.

Tailwinds

  • Adjusted Revenue (Q2 2021): $1,190.0 – $1,230.0 million
  • Adjusted Revenue (FY 2021): $4,825.0 – $4,965.0 million
  • Adjusted Net Income (Q2 2021): $294.0 – $310.0 million
  • Adjusted Net Income (FY 2021): $1,213.0 – $1,279.0 million
  • Adjusted Diluted Earnings per Share (Q2 2021): $1.10 – $1.16

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+0.3%

Avg return

Earnings day

-0.3%

Avg return

5 days after

+0.3%

Avg return

30 days after

56%

37 / 66 earnings

Positive

+10.5%

Q3 2019

Best reaction

-17.4%

Q2 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-3.8%-0.8%-4.3%
Q4 2025+3.2%-2.8%+1.1%
Q3 2025+4.6%+3.0%+3.7%
Q2 2025-1.2%+0.1%+1.5%
Q1 2025-6.1%-2.4%+3.0%
Q4 2024+6.0%+7.7%+5.0%
Q3 2024-7.6%-7.0%+0.4%
Q2 2024+7.4%+9.1%+10.0%
Q1 2024-0.5%+0.6%+0.5%
Q4 2023+3.0%+3.6%+1.9%
Q3 2023-1.3%+1.8%+13.1%
Q2 2023-8.8%-7.2%-10.9%
Q1 2023+6.5%+1.3%+0.5%
Q4 2022+5.0%+2.6%-5.8%
Q3 2022+3.9%+4.1%+6.2%
Q2 2022-5.9%-3.4%-6.6%
Q1 2022-4.8%-3.3%-4.7%
Q4 2021-7.3%-7.3%-9.1%
Q3 2021+6.5%+4.9%+5.5%
Q2 2021+5.1%+2.7%+1.6%
Q1 2021+3.4%+2.4%+1.7%
Q4 2020-3.0%-4.0%-0.5%
Q3 2020-3.8%-4.9%+10.5%
Q2 2020+1.4%+0.2%+11.0%
Q1 2020-2.2%+0.9%+3.3%
Q4 2019+1.6%+2.6%-30.3%
Q3 2019+10.5%+11.2%+15.3%
Q2 2019-17.4%-24.8%-24.6%
Q1 2019-10.7%-10.5%-15.4%
Q4 2018+8.0%+9.1%+12.2%
Q3 2018+4.5%+0.9%-1.8%
Q2 2018+5.2%+3.3%+10.0%
Q1 2018-2.7%-2.8%+2.5%
Q4 2017+0.5%+1.4%+5.7%
Q3 2017-3.5%-4.7%-2.8%
Q2 2017-1.2%-2.5%-4.6%
Q1 2017-1.5%-0.2%-0.3%
Q4 2016+8.3%+8.5%+10.7%
Q3 2016-4.2%-2.6%-3.7%
Q2 2016+3.1%-1.8%+1.6%
Q1 2016-5.6%
Q4 2015-5.4%
Q3 2015-3.5%
Q2 2015+4.3%
Q1 2015-5.7%
Q4 2014+3.4%
Q3 2014-0.6%
Q2 2014-3.0%
Q1 2014+4.0%
Q4 2013+3.8%
Q3 2013+0.3%
Q2 2013+3.4%
Q1 2013+7.0%
Q4 2012+7.4%
Q3 2012+1.8%
Q2 2012+1.0%
Q1 2011+1.1%
Q1 2012+1.3%
Q4 2011+1.7%
Q4 2009+1.7%
Q3 2010-0.7%
Q3 2011-0.7%
Q2 2011+2.2%
Q4 2010+2.2%
Q2 2010+2.2%
Q1 2010-1.4%

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