NASDAQ$SSNC

SS&C Technologies Holdings Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

SS&C Technologies reported an increase in revenue and earnings per share for the fourth quarter of 2021.

SS&C Technologies Holdings, Inc. announced its Q4 and full year 2021 financial results, with GAAP revenue reaching $1,294.2 million, up 7.5%, and GAAP EPS at $0.94, up 27.0%. The company also reported adjusted revenue of $1,296.2 million, up 7.5%, and adjusted EPS of $1.28, up 13.3%.

  • SS&C generated net cash from operating activities of $1,429.0 million for the twelve months ended December 31, 2021.
  • The company paid down $519.9 million in debt in 2021.
  • Adjusted organic revenue growth for Q4 2021 was 6.9%.
  • Adjusted consolidated EBITDA margin increased to 40.3%, up 90 bps from Q4 2020.

Headline financials

Total Revenue

$1.3B

Previous: $1.21B+7.5%
EPS (adj)

$1.28

Previous: $1.13+13.3%
Operating income margin

24.7%

Previous: 22.3%+10.8%
Adjusted consolidated EBITDA margin

40.3%

Previous: 39.5%+2.2%
Capital Expenditures

$20.3M

Previous: $9.4M+116.0%
Free Cash Flow

$464M

Previous: $420M+10.4%
Net Income

$251M

Previous: $197M+27.4%
Operating Income

$320M

Previous: $269M+19.2%
Gross Profit

$631M

Previous: $551M+14.6%
Cash & Equivalents

$564M

Previous: $209M+169.5%
Total Assets

$17.3B

Previous: $15.9B+8.9%
Stock-Based Comp

$31.3M

Previous: $21.9M+42.9%

Revenue & EPS history

SS&C · Revenue · Quarterly

$1.3B

Q4 2021+7.5%vs Q4 2020
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

SS&C · $1.29B total across 2 segments · Q4 2021

  • Software-enabled services
    $1.09B+8.7%
  • License, maintenance and related
    $209M+1.7%

Forward guidance

SS&C provided guidance for Q1 2022 and FY 2022, 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

  • Adjusted Revenue ($M) Q1 2022: $1,258.0 – $1,298.0
  • Adjusted Revenue ($M) FY 2022: $5,130.0 – $5,330.0
  • Adjusted Net Income attributable to SS&C ($M) Q1 2022: $326.0 – $343.5
  • Adjusted Net Income attributable to SS&C ($M) FY 2022: $1,375.0 – $1,445.0
  • Adjusted Diluted Earnings per Share attributable to SS&C Q1 2022: $1.22 – $1.28

Headwinds

  • Adjusted Diluted Earnings per Share attributable to SS&C FY 2022: $5.10 – $5.40
  • Cash from Operating Activities ($M) FY 2022: $1,440.0 – $1,510.0
  • Capital Expenditures (% of revenue) FY 2022: 2.6% – 3.0%
  • Diluted Shares (M) Q1 2022: 268.3 – 267.8
  • Diluted Shares (M) FY 2022: 269.5 – 267.5

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 Q4 2021

Historical avgQ4 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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