NASDAQ$SSNC
SS&C Technologies Holdings Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
SS&C Technologies' Q2 2023 performance was marked by revenue growth and strategic capital allocation, including a new stock repurchase program.
SS&C Technologies reported a 2.6% increase in GAAP revenue, reaching $1,362.6 million, and a 21.4% increase in GAAP earnings per share to $0.51. The company also announced a $1 billion common stock repurchase program and paid down $125.2 million in debt.
- GAAP Revenue grew by 2.6%, while adjusted revenue increased by 2.5%.
- Net income attributable to SS&C was $130.7 million, representing an 18.2% increase.
- The company repurchased 2.0 million shares for $111.9 million during the quarter.
- SS&C paid down $125.2 million in debt, bringing the net leverage ratio to 3.27 times consolidated EBITDA.
Headline financials
Revenue & EPS history
SS&C · Revenue · Quarterly
$1.36B
Revenue by segment
SS&C · $1.36B total across 2 segments · Q2 2023
- Software-enabled services$1.11B+3.3%81.2%
- License, maintenance and related$256M-0.7%18.8%
Forward guidance
SS&C Technologies provided guidance for Q3 2023 and FY 2023, including adjusted revenue, adjusted net income, adjusted diluted earnings per share, cash from operating activities, capital expenditures, diluted shares, and effective income tax rate.
Tailwinds
- Q3 2023 Adjusted Revenue: $1,355.0 - $1,395.0 million
- Q3 2023 Adjusted Net Income: $287.0 - $309.0 million
- Q3 2023 Adjusted Diluted EPS: $1.13 - $1.21
- FY 2023 Adjusted Revenue: $5,469.0 - $5,575.0 million
- FY 2023 Adjusted Net Income: $1,160.0 - $1,225.0 million
Headwinds
- FY 2023 Capital Expenditures: 3.9% - 4.1% of revenue
- Q3 2023 Diluted Shares: 254.0 - 256.0 million
- FY 2023 Diluted Shares: 254.0 - 257.0 million
- Effective Income Tax Rate: 26%
- SS&C does not provide reconciliations of guidance for Adjusted Revenues and Adjusted Net Income to comparable GAAP measures
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 Q2 2023
+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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