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London Office

1 St Martin’s Le Grand
London
GB

Surbiton London Office

DST House St Mark's Hill
Surbiton
GB

South Africa Office

DST House 12 Sherborne Road Parktown 2193
Johannesburg
ZA

Hong Kong Office

25/F, The Centrium 60 Wyndham Street Central
Hong Kong
HK

Sydney Office

15 Castlereagh Street Level 15
Sydney
AU

Singapore Office

96 Robinson Road #11-01/02 SIF Building
Singapore
SG

Bangkok Office

7th Floor, RSU Tower 571 Sukhumvit Road, North Klongton, Wattana
Bangkok
TH

SS&C Technologies, Inc. - Windsor, CT, USA Head Office

80 Lamberton Road
Windsor
CT
US

New York, NY Office

1114 Avenue of the Americas 33rd Floor
New York
NY
US

Sweden, Stockholm Office

Birger Jarlsgatan 8
Stockholm
SE

Norway, Oslo Office

Akersgata 20
Oslo
NO

Copenhagen Office

Bredgade 23B 3.sal 1260 Kobenhavn K
Copenhagen
DK

Greece, Athens Office

Plateia Agion Theodoron 6
Athens
GR

San Francisco, CA Office

600 Townsend Street
San Francisco
CA
US

SS&C GlobeOp - London Head Office

1 St. Martin's Le Grand
London
GB

Shanghai Office

Unit 111, F/15, Hang Seng Bank Tower No.1000 Lujiazui Ring Road, Pudong
Shanghai
CN

Hong Kong Office

Suite 706 - 7, Central Plaza 18 Harbour Road
Wan Chai
HK

United Arab Emirates, Dubai Office

412, Level 4 Gate Village 10, DIFC PO Box 506643 Dubai
Dubai
AE

Beijing Office

8 floor of Guohua Investment Plaza 3 Dongzhimen South Avenue
Beijing
CN

Bloomington, MN Office

7803 Glenroy Road
Bloomington
MN
US

Boston, MA Office

50 Milk Street
Boston
MA
US

Brewster, NY Office

1441 Route 22
Brewster
NY
US

Chicago, IL Office

33 West Monroe
Chicago
IL
US

Cranford, NJ Office

11 Commerce Drive
Cranford
NJ
US

Denver, CO Office

5990 Greenwood Plaza Boulevard
Greenwood Village
CO
US

Irving, TX Office

1212 Corporate Drive Suite 450
Irving
TX
US

SS&C Technologies, Inc. - Kaysville, UT, USA Office

855 West 300 North
Kaysville
UT
US

New York, NY Office

4 Times Square
New York
NY
US

New York, NY Office

40 Wall Street
New York
NY
US

Orlando, FL Office

7362 Futures Drive
Orlando
FL
US

Parsippany, NJ Office

2001 Route 46 East, Suite 502
Parsippany
NJ
US

Skillman, NJ Office

23 Orchard Road
Skillman
NJ
US

Yorktown Heights, NY Office

1565 Front Street
Yorktown Heights
NY
US

SS&C Technologies, Inc. - Kaysville, UT, USA Office

860 West 300 North
Kaysville
UT
US

Harrison, NY Office

1 South Road
Harrison
NY
US

Dublin Office

La Touche House Custom House Dock
Dublin
IE

Grand Cayman Office

45 Market Street Suite 3205, 2nd Floor Gardenia Court
Camana Bay
Grand Cayman
KY

Hong Kong - Regional Headquarter Office

Suite 1004, Central Plaza 18 Harbour Road
Wan Chai
HK

Kuala Lumpur Office

Menara 2 Faber Towers,Suite 1108 11th Floor Jalan Desa Bahagia
kuala Lumpur
MY

Montreal Office

1800 McGill College Avenue Suite 2810
Montreal
CA

Mumbai Office

5th Floor, Building 16 Interface, New Link Road
Mumbai
IN

Singapore Office

39 Robinson Road #18-02 Robinson Point
Singapore
SG

SS&C Technologies Inc. - Sydney Office

15 Castlereagh Street Level 15
Sydney
AU

SS&C Technologies, Inc. - Tokyo Office

Hibiya Central Building 14th Floor 1-2-9 Nishi Shimbashi
Minato-Ku
JP

Toronto Office

508 Riverbend Drive, Suite 303
Kitchener
Ontario
CA

Toronto Office

5255 Orbitor Drive
Mississauga
Ontario
CA

Luxembourg Office

2 Rue Jean Monnet
Luxembourg
LU

Melbourne Office

L4, 549 St Kilda Road
Melbourne
AU

Singapore Office

27th Floor Prudential Tower 30 Cecil Street
Singapore
SG

SS&C Technologies Office

Level 40 264 George Street
Syndey
AU

Singapore Office

1 Changi Business Park Central 1 #02-110/111 [email protected] City
Singapore
SG

SS&C Technologies - Hong Kong Office

The Entertainment Building 31st Floor Suite 3118-20 Queens Rd
Central
HK

Amsterdam Office

Naritaweg 215
Amsterdam
NL

Burlington, MA Office

3 Burlington Woods Drive
Burlington
MA
US

Evansville, IN Office

110 North Fulton Avenue
Evansville
IN
US

Jacksonville, FL Office

9000 Southside Boulevard Building 400, Suite 300
Jacksonville
FL
US

Los Angeles, CA Office

1875 Century Park East, 4th floor
Los Angeles
CA
US

New Rochelle, NY Office

145 Huguenot St
New Rochelle
NY
US

Sandy Hook, CT Office

75 Glen Road
Sandy Hook
CT
US

Athens Office

107 Kifisias Ave & Panormou
Athens
GR

Bermuda Office

P.O. Box HM 3348 12 Church Street and 30 Queen Street
Hamilton
BM

Calgary Office

7370 Sierra Morena Boulevard SW
Calgary
CA

Copenhagen Office

Østergade 3-5
Copenhagen
GR

Copenhagen Office

Østergade 3-5
Copenhagen
GR

Dubai Office

412 Level 4 Gate Village 10, DIFC
Dubai
AE

Hong Kong Office

31st Floor Suite 3118-20 Queens Rd
Central Hong Kong
HK

Jakarta Office

Sampoerna Strategic Square South Tower, 18th Floor Jl. Jend. Sudirman kav 45-46
Jakarta
ID

London Office

127-133 Charing Cross Road
London
GB

Mumbai Office

Unit 2, 2nd Floor Office Level, Building 3 Mindspace, Thane Belapur Road, Airoli
Navi Mumbai
IN

Mumbai Office

Units 2 & 3, 4th Floor Office Level, Bldg 5 & 6 Mindspace, Thane Belapur Road, Airoli
Navi Mumbai
IN

Oslo Office

Kristian Augusts gate 12
Oslo
NO

Stockholm Office

Kungsgatan 57 A
Stockholm
SE

Toronto Office

330 Bay Street
Toronto
ON
CA

SS&C Technologies, Inc. - Toronto Office

161 Bay Street
Toronto
ON
CA

Mumbai Office

8th Floor, Building 11 Interface, New Link Road
Mumbai
IN

Zurich Office

Bahnhofstrasse 100
Zurich
CH

Dublin, OH Office

5200 Upper Metro Place 3rd Floor
Dublin
OH
US

Edina, MN Office

3601 West 76th Street, Suite 450
Edina
MN
US

Glen Allen, VA Office

4860 Cox Road, Suite 200
Glen Allen
VA
US

McLean, VA Office

8401 Greensboro Drive
McLean
VA
US

Salt Lake City, UT Office

310 East 500 South
Salt Lake City
UT
US

Salt Lake City, UT Office

5 South 500 West
Salt Lake City
UT
US

Salt Lake City, UT Office

50 West Broadway
Salt Lake City
UT
US

Bermuda Office

5 Reid Street
Hamilton
BM

Bracknell Office

Downshire Way
Bracknell
GB

Guernsey Office

Tudor House Le Bordage
St. Peter Port
Channel Islands
GG

Gurgaon Office

Private Limited Plot No. 187 Udyog Vihar, Phase 1
Gurgaon
Haryana
IN

Jersey Office

The Le Gallais Building - 2nd Floor 54 Bath Street
St. Helier
Channel Islands
JE

Johannesburg Office

12 Sherborne Road
Parktown
Johannesburg
ZA

Karachi Office

Plot No. 38-E-1, 39-E-1, & 39-F-1 Block 6
Karachi
PK

Melbourne Office

Level 4 549 St. Kilda Road
Melbourne
AU

Surbiton Office

DST House St Mark's Hill
Surbiton
Surrey
GB

Telephone

860-298-4653

Contact

Lese Amato
[email protected]
Back to all SS&C announcements

SS&C Technologies Reports Record Q3 Revenues, Operating Income, and Net Income - Up 57%, 63% and 59% - Announces Stock Buyback Program - Boulanger Named President

WINDSOR, CT - October 18, 2004 — SS&C Technologies, Inc. (Nasdaq: SSNC) today announced results for the quarter ended September 30, 2004. Q3 revenues were $25.2 million, an increase of 57% from the $16.0 million for Q3 2003. Q3 operating income was $7.5 million, an increase of 63% over the $4.6 million in Q3 last year. Net income for the quarter was $4.8 million, a 59% increase from the $3.0 million reported in Q3 2003. Diluted earnings per share for Q3 were $0.20, 33% higher than the $0.15 diluted earnings per share for the same period in 2003. Bill Stone, SS&C's CEO, said, "We are pleased to announce record quarterly highs. Our operating income of $7.5 million was up from a previous record high of $7.2 million reached in Q2 '04. Revenues and Net Income also reached new highs. License and outsourcing were strong organically and we had contributions from acquisitions. The growth in outsourcing revenue is encouraging, and continues to improve quarter over quarter. In Q3, outs!
ourcing revenue was $8.6 million, up 159% over the $3.3 million in Q3 2003."

"Our business strategy of increasing our recurring revenues continues its momentum, and is now 72% of revenues," said Stone. "In Q3, recurring revenues, which includes maintenance and outsourcing revenues, were $18.1 million, an increase of 60% over the $11.3 million reported in Q3 last year. This increase can be attributed primarily to the growth of our institutional, hedge fund and financial institutions outsourcing services. Outsourcing revenues are growing both organically and through acquisitions."

Stock Buyback Program
The Board authorized a Company stock buyback program. The Company can repurchase up to $50 million of its stock over the next twelve months in open market, negotiated and block transactions. "We always consider shareholder value as a key objective, and we believe our stock is an attractive investment opportunity," said Stone. "The Board's authorization allows us to take advantage of market volatility and negate the effects of dilution from employee equity programs."

Cash and Marketable Securities
"Total cash, cash equivalents and investments in marketable securities at quarter end were $121.3 million," said Stone. "We generated $19.4 million in net cash from operating activities in the nine-month period ended September 30, 2004. SS&C remains a conservatively managed company and the quality of our earnings is reflected in our cash generation ability. These liquid resources give us the flexibility to pursue companies meeting our acquisition criteria with confidence and speed."

Q4 Guidance
"Based on the current business outlook, we expect Q4 2004 revenues to be in the range of $25 to $26 million and net income to be between $0.20 and $0.23 per diluted share," stated Stone.

Business Trends/Company Focus
"Hedge funds and other alternative investments are exhibiting impressive growth globally, and are becoming attractive investments throughout the industry," said Stone. "As a result, Advisorware®, Total Return™, Debt & Derivatives™, Antares™, ASP and BPO, SS&C's products and services addressing these markets, have shown attractive growth."

"We are also very excited about our new release of SKYLINE®, our flagship property management system," said Stone. "This new release provides tremendous property management capabilities with unparalleled reporting flexibility. Our real estate sales staff is reporting very high customer enthusiasm as we make presentations around the country."

"The acquisition of OMR and OMR International has begun to yield results and we are marketing and selling our TradeThru® Global Treasury system and our Xacct® Hedge Fund Administration service, worldwide," stated Stone.

"The last 19 quarters we have reported positive results," said Stone. "We do this through patience and execution. Where other companies are dividing their capabilities, we remain true to one company focus - to deliver comprehensive solutions for transaction processing and reporting, whether to large multi-national enterprises, or to small property management firms. The focus we have today was the same yesterday and will be the same tomorrow. This focus, properly executed, drives our momentum. We expect to continue to improve our operational efficiency, provide value-added services, increase market share both domestically and globally and make acquisitions supporting this focus."

New President Appointed
Normand A. Boulanger, Executive Vice President and COO, today has been promoted to President and Chief Operating Officer. Boulanger will oversee all enterprise-wide activities relating to day-to-day operations and play a pivotal role leading the management team. William C. Stone will remain Chairman of the Board and Chief Executive Officer focusing primarily on strategic issues, acquisitions and international activities.

"Norm and I have worked side-by-side for several years," said Stone. "He has focus, commitment and leadership traits which will serve him well in this new role. Norm is schooled in financial services and technology and he is a driving force behind many of our growth initiatives and, frankly, he executes."

Stone continued, "Since becoming COO in 2001, Norm has contributed significantly to the success of the company. Under his guidance, our revenues have increased by 78% and our operating income has increased six-fold. His leadership in expanding our service offerings, accelerating our acquisition integration process and improving our operational efficiencies make SS&C's operating model one of the most flexible in the industry."

Boulanger began his career as an investment operations executive at Travelers. He started at SS&C ten years ago and came up through the consulting organization. In 1996 he became Vice President of Professional Services, developing a professional service organization that sustained a solid growth rate. In 1999 Mr. Boulanger took over the outsourcing activities of SS&C and he has overseen a dramatic growth in the breadth and depth of outsourced services in SS&C's arsenal. In 2000 Boulanger was promoted to Senior Vice President of Institutional, and was instrumental in overseeing SS&C's Sales and Service organizations. In 2001, Boulanger was promoted to Executive Vice President and COO. He has a Masters in Economics from Trinity College.

Earnings Conference Call
SS&C's Q3 2004 earnings call will take place at 5:00 p.m. Eastern Time today, October 18, 2004. Interested parties may dial 706-643-7858 (US, Canada and International) and request the "SS&C Third Quarter Earnings Call", conference ID #1401048. A replay will be available after 8:00 pm on October 18, until midnight on November 18, 2004. To access, dial 706-645-9291 and enter the access code 1401048. A replay of the call will also be available after October 19, 2004 on our website at www.ssctech.com/about/earnings.asp.

This press release contains forward-looking statements relating to, among other things, the Company's expected revenues and earnings per share for the fourth quarter of 2004, and the Company's expectations regarding improved operational efficiency and increased market share, including through acquisitions. Such statements reflect management's best judgment based on factors currently known but are subject to risks and uncertainties, which could cause actual results to differ materially from those anticipated. Such risks and uncertainties include, but are not limited to, the Company's ability to finalize large client contracts, fluctuations in customer demand for the Company's products and services, intensity of competition, delays in product development, the Company's ability to control expenses, general economic and industry conditions, the Company's ability to integrate acquired businesses, the effect of the acquisitions on customer demand for the Company's products and ser!
vices, terrorist activities, and those risks described in the Company's filings with the Securities and Exchange Commission, including without limitation, the Company's Quarterly Report on Form 10-Q for the quarter ended June 30, 2004. The Company cautions investors that it may not update any or all of the foregoing forward-looking statements.