NASDAQ$SSNC
SS&C Technologies Holdings Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
SS&C Technologies reported a strong start to the year with record adjusted revenues and solid organic growth.
SS&C Technologies Holdings, Inc. announced its Q1 2024 financial results, demonstrating strong performance with a 5.3% increase in GAAP revenue to $1,435.0 million and a 26.5% increase in fully diluted GAAP earnings per share to $0.62. The company also reported record adjusted revenue of $1,435.8 million, up 5.3%, and adjusted diluted earnings per share of $1.28, up 12.3%.
- GAAP and Adjusted Revenue grew by 5.3 percent.
- The company bought back 0.8 million shares for $52.9 million, at an average price of $63.24 per share.
- SS&C paid down $79.9 million in debt.
- GAAP net income attributable to SS&C was $157.6 million, up 25.1 percent and adjusted consolidated EBITDA attributable to SS&C of $556.8 million, up 9.4 percent.
Headline financials
Revenue & EPS history
SS&C · Revenue · Quarterly
$1.44B
Revenue by segment
SS&C · $1.37B total across 2 segments · Q3 2023
- Software-enabled services$1.12B+6.9%82.2%
- License, maintenance and related$244M-10.1%17.8%
Forward guidance
SS&C provides guidance for Q2 2024 and FY 2024. Adjusted Revenue is expected to be between $1,412.1 million and $1,452.1 million for Q2 2024 and between $5,694.6 million and $5,854.6 million for FY 2024. Adjusted Diluted Earnings per Share is expected to be between $1.16 and $1.22 for Q2 2024 and between $4.93 and $5.17 for FY 2024.
Tailwinds
- Adjusted Revenue (Q2 2024): $1,412.1 – $1,452.1 million
- Adjusted Revenue (FY 2024): $5,694.6 – $5,854.6 million
- Adjusted Net Income attributable to SS&C (Q2 2024): $295.7 – $311.7 million
- Adjusted Net Income attributable to SS&C (FY 2024): $1,242.3 – $1,322.3 million
- Adjusted Diluted Earnings per Share (Q2 2024): $1.16 – $1.22
Headwinds
- Interest Expense (Q2 2024): $112.1 - $114.1 million
- Interest Expense (FY 2024): $436.7 - $444.7 million
- Diluted Shares (Q2 2024): 253.7 – 254.7 million
- Diluted Shares (FY 2024): 252.2 – 255.3 million
- Capital Expenditures (% of revenue FY 2024): 4.3% – 4.7%
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 2024
+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
| Quarter | Report date | Reaction (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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