SS&C Reports Results for Q1 2011, Record Revenue of $89 Million, up 14%

Windsor, Conn, USA - 10 May 2011

GAAP Net Income of $9.8 Million, up 9%, Adjusted Non-GAAP Net Income of $19.2 Million, up 36%.

SS&C Technologies Holdings, Inc. (Nasdaq:SSNC), a global provider of investment and financial software-enabled services and software, today announced its financial results for the quarter that ended March 31, 2011.

"Celebrating our 25th year in business, I am pleased to report our record Q1 2011 revenue of $89.0 million, up 14 percent over Q1 2010. We believe revenue growth is an indication of the competitive strength of SS&C and its breadth and depth of software-enabled services and software," said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies Holdings, Inc. "We continue to enhance our growth opportunities and execute on our commitment to technology and service leadership, including cloud computing, mobility and transparency."


Results

The Company reported quarterly revenue of $89.0 million for the first quarter of 2011, compared to $78.2 million in the first quarter of 2010, an increase of 13.9 percent.

GAAP operating income for the first quarter of 2011 was $23.1 million, or 26.0 percent of revenue, up from $19.4 million in 2010's first quarter, or 24.8 percent of revenue, operating income was up 19 percent over 2010's first quarter. Net income for the first quarter of 2011 was $9.8 million compared to $9.0 million in the first quarter of 2010.

On a fully diluted basis, earnings per share in the first quarter of 2011 were $0.12 compared to $0.14 in the first quarter of 2010.
Adjusted operating income (a non-GAAP measure defined in note 2 to the attached Condensed Consolidated Financial Information) in the first quarter of 2011 was $34.1 million, or 38.3 percent of revenue. This represents a 13.2 percent increase compared to $30.1 million and 38.5 percent of revenue in the first quarter of 2010.

Adjusted net income (a non-GAAP measure defined in note 4 to the attached Condensed Consolidated Financial Information) for the first quarter of 2011 was $19.2 million compared to $14.1 million in 2010's first quarter, a 35.8 percent increase.

Adjusted diluted earnings per share (a non-GAAP measure defined in note 4 to the attached Condensed Consolidated Financial Information) in the first quarter of 2011 were $0.24 compared to $0.22 in the first quarter of 2010.
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