SS&C Technologies Beats Q1 Expectations

SS&C Technologies exceeded Q1 revenue expectations with $1.65 billion, a 1% increase from forecasts, and 8.7% year-over-year growth. Adjusted EPS also surpassed estimates by 2.3%. The company raised full-year revenue guidance to $6.74 billion and adjusted EPS guidance to $6.90. SS&C, a software provider for financial and healthcare firms since 1986, saw a 6.41 billion revenue over the past year with 6.2% compound growth. Despite operating margin pressure, free cash flow margin improved to 17.8% from 14% last year. Buybacks reduced shares by 2.3% over two years, boosting EPS beyond revenue gains. CEO Bill Stone attributed the strong performance to a locked-in client base after four decades. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/1bc31bf359f84ea8