NASDAQ$SSNC

SS&C Technologies Holdings Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

SS&C's Q4 2022 financial results were released, showing revenue growth and strategic acquisitions.

SS&C Technologies reported a 3.4% increase in GAAP revenue for Q4 2022, reaching $1,338.3 million. The company bought back 1.8 million shares for $90.7 million and paid down $166.2 million in debt. They also completed the acquisition of Complete Financial Ops, Inc.

  • GAAP revenue increased by 3.4% to $1,338.3 million.
  • Fully diluted GAAP earnings per share decreased by 13.8% to $0.81.
  • The company repurchased 1.8 million shares for $90.7 million.
  • Debt was reduced by $166.2 million.

Headline financials

Total Revenue

$1.34B

Previous: $1.3B+3.3%
EPS (adj)

$1.16

Previous: $1.28-9.4%
Operating income margin

22.5%

Previous: 24.7%-8.9%
Adjusted consolidated EBITDA margin

38.7%

Previous: 40.3%-4.0%
Capital Expenditures

$10.1M

Previous: $20.3M-50.2%
Free Cash Flow

$360M

Previous: $464M-22.5%
Net Income

$208M

Previous: $251M-17.4%
Operating Income

$301M

Previous: $320M-5.9%
Gross Profit

$647M

Previous: $631M+2.6%
Cash & Equivalents

$440M

Previous: $564M-22.0%
Total Assets

$16.7B

Previous: $17.3B-3.9%
Stock-Based Comp

$31.5M

Previous: $31.3M+0.6%

Revenue & EPS history

SS&C · Revenue · Quarterly

$1.34B

Q4 2022+3.3%vs Q4 2021
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Revenue by segment

SS&C · $1.34B total across 2 segments · Q4 2022

  • Software-enabled services
    $1.07B-1.6%
  • License, maintenance and related
    $270M+29.5%

Forward guidance

SS&C provided guidance for Q1 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

  • Q1 2023 Adjusted Revenue: $1,332.0M - $1,372.0M
  • Q1 2023 Adjusted Net Income: $282.0M - $299.0M
  • Q1 2023 Adjusted Diluted EPS: $1.10 - $1.16
  • FY 2023 Adjusted Revenue: $5,455.0M - $5,655.0M
  • FY 2023 Adjusted Net Income: $1,190.0M - $1,285.0M

Headwinds

  • FY 2023 Capital Expenditures: 3.8% - 4.0% of revenue
  • FY 2023 Diluted Shares: 255.0M - 258.5M
  • FY 2023 Effective Income Tax Rate: 26%
  • Q1 2023 Diluted Shares: 256.0M - 257.0
  • Q1 2023 Effective Income Tax Rate: 26%

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 2022

Historical avgQ4 2022

+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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