NASDAQ$SSNC

SS&C Technologies Holdings Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

SS&C's Q3 2021 earnings were released, showcasing revenue growth and increased profitability.

SS&C Technologies reported a strong Q3 2021 with a 9.7% increase in GAAP revenue and a 15.0% increase in GAAP earnings per share. Adjusted revenue grew by 9.5%, and adjusted EPS increased by 20.0%. The company also repurchased shares and paid down debt.

  • GAAP revenue increased by 9.7% to $1,264.4 million.
  • GAAP earnings per share rose by 15.0% to $0.69.
  • Adjusted revenue grew by 9.5% to $1,266.3 million.
  • Adjusted earnings per share increased by 20.0% to $1.32.

Headline financials

Total Revenue

$1.26B

Previous: $1.15B+9.7%
EPS (adj)

$1.32

Previous: $1.10+20.0%
Operating income margin

26.9%

Previous: 22.3%+20.6%
Adjusted consolidated EBITDA margin

42.6%

Previous: 40.3%+5.7%
Capital Expenditures

-$31M

Previous: -$25.4M-22.0%
Free Cash Flow

$153M

Previous: $134M+14.5%
Net Income

$184M

Previous: $159M+15.7%
Operating Income

$340M

Previous: $257M+32.3%
Gross Profit

$624M

Previous: $524M+19.1%
Cash & Equivalents

$351M

Previous: $185M+90.3%
Total Assets

$16.9B

Previous: $15.5B+9.4%
Stock-Based Comp

$27.2M

Previous: $21.3M+27.7%

Revenue & EPS history

SS&C · Revenue · Quarterly

$1.26B

Q3 2021+9.7%vs Q3 2020
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Revenue by segment

SS&C · $1.26B total across 2 segments · Q3 2021

  • Software-enabled services
    $1.07B+11.6%
  • License, maintenance and related
    $195M+0.1%

Forward guidance

SS&C provided guidance for Q4 2021 and Full Year 2021.

Tailwinds

  • Adjusted Revenue (Q4 2021): $1,225.0 – $1,275.0 million
  • Adjusted Revenue (FY 2021): $4,988.0 – $5,038.0 million
  • Adjusted Net Income attributable to SS&C (Q4 2021): $311.0 – $334.0 million
  • Adjusted Net Income attributable to SS&C (FY 2021): $1,312.0 – $1,335.0 million
  • Adjusted Diluted Earnings per Share attributable to SS&C: $1.17 – $1.25

Headwinds

  • Adjusted Diluted Earnings per Share attributable to SS&C (FY 2021): $4.92 – $4.99
  • Cash from Operating Activities (FY 2021): $1,365.0 – $1,385.0 million
  • Capital Expenditures (% of revenue): 2.6% – 3.0%
  • Diluted Shares (Q4 2021): 266.2 – 266.7 million
  • Diluted Shares (FY 2021): 266.9 – 267.4 million

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 Q3 2021

Historical avgQ3 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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