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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 Third Quarter Results, Revenue Up 75.5%

Adjusted Diluted Earnings Per Share of $0.39, Up 39.3%, GAAP Diluted Earnings Per Share of $0.21, Up 16.7%

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 September 30, 2012.

"I am delighted to report that our third quarter adjusted revenue of $166.0 million rose 76 percent year-over-year," said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies Holdings, Inc. "We continue to use our operating cash flow to strengthen our overall service and product offerings. Our clients are very demanding and our depth and breadth of products and services continue to expand to meet their needs. We have acquired PORTIA, GlobeOp, Gravity and Hedgemetrix this year which expands our geographic footprint, deepens our expertise and adds materially to our service and product offering. Since acquiring GlobeOp, as of today, we have paid down $96.6 million in debt. SS&C was named to the Forbes '100 Best Small Companies' 2012 list. Recognition by a prestigious business publication such as Forbes is always an honor and speaks to the dedication and capability of our 4100 personnel."

"Hurricane Sandy shows why a business continuity plan is critical for organizations to have in place," commented Stone. "Our superior cloud architecture and geographically dispersed data centers, together with our dedicated staff, allowed our customers uninterrupted service."

Results

The Company reported GAAP revenue of $165.6 million for the third quarter of 2012, compared to $94.3 million in the third quarter of 2011. GAAP operating income for the third quarter of 2012 was $37.2 million, or 22.5 percent of revenue, up from $24.1 million in 2011's third quarter. GAAP net income for the third quarter of 2012 was $17.6 million compared to net income of $14.9 million in the third quarter of 2011. On a GAAP fully diluted basis, earnings per share in the third quarter of 2012 was $0.21 compared to fully diluted earnings per share of $0.18 in the third quarter of 2011.

Adjusted revenue (a non-GAAP measure defined in note 1 to the attached Condensed Consolidated Financial Information) in the third quarter of 2012 was $166.0 million compared to $94.3 million in the third quarter of 2011, an increase of 76.0 percent. Adjusted operating income (a non-GAAP measure defined in note 2 to the attached Condensed Consolidated Financial Information) in the third quarter of 2012 was $61.8 million, or 37.2 percent of adjusted revenue. This represents a 64.1 percent increase compared to adjusted operating income of $37.6 million and 39.9 percent of adjusted revenue in the third quarter of 2011. Adjusted net income (a non-GAAP measure defined in note 4 to the attached Condensed Consolidated Financial Information) for the third quarter of 2012 was $32.1 million compared to $22.6 million in 2011's third quarter, an increase of 41.8 percent. Adjusted diluted earnings per share (a non-GAAP measure defined in note 4 to the attached Condensed Consolidated Financial Information) in the third quarter of 2012 was $0.39 per share compared to $0.28 per share in the third quarter of 2011, an increase of 39.3 percent.

Annual Run Rate Basis

Annual Run Rate Basis (ARRB) recurring revenue, defined as the addition of maintenance and software-enabled services revenue, was $151.1 million for the third quarter of 2012, an annual run-rate of $604.5 million. This represents an increase of 82.4 percent from $82.8 million and $331.4 million run-rate in the same period in 2011 and an increase of 40.1 percent from Q2 2012's $107.9 million and $431.5 million run-rate. We believe ARRB of our recurring revenue is a good indicator of visibility into future revenue.

Operating Cash Flow

SS&C ended the quarter with $80.3 million in cash, and $1,070.8 million in debt for a net debt balance of $990.5 million. We generated net cash from operating activities, after $28.6 million in non-recurring acquisition expenses, of $60.7 million for the nine months ended September 30, 2012, compared to $71.6 million for the same period in 2011.

Guidance

Guidance

Q4 2012

FY 2012

Adjusted Revenue ($M)

$170.0 - $174.0

$550.9 - $554.9

Adjusted Net Income ($M)

$32.7 - $33.7

$115.2 - $116.2

Cash from Operating Activities ($M)

N/A

$109.0 - $113.0

Capital Expenditures (% of revenue)

N/A

2.9% - 3.1%

Regulatory Solutions Group Formed

The SS&C GlobeOp division announced the formation of a Regulatory Solutions Group to focus on Form PF (Private Fund) and FATCA (Foreign Account Tax Compliance Act), AFMID (Alternative Investment Fund Managers Directive), and other compliance and reporting rules. Michael Megaw, a New York-based Managing Director, will head up this new group.

Non-GAAP Financial Measures

Adjusted revenue, adjusted operating income, adjusted consolidated EBITDA, adjusted net income and adjusted diluted earnings per share are non-GAAP measures. See the accompanying notes to the attached Condensed Consolidated Financial Information for the reconciliations and definitions for each of these non-GAAP measures and the reasons our management believes these measures provide useful information to investors regarding our financial condition and results of operations.