Email Contact Phone Company Visit Website

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 Reports Record Fourth Quarter and 2013 Results

GAAP Diluted Earnings Per Share of $0.31, Up 63.2%; Adjusted Diluted Earnings Per Share of $0.53, Up 26.2% 

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 fourth quarter and full year ended December 31, 2013.

Revenue increased to $182.5 million in the fourth quarter 2013, up 6.3 percent, and to $712.7 million for the full year 2013, up 29.1 percent.

GAAP net income increased 67.1 percent to $26.9 million in the fourth quarter 2013 and diluted earnings per share for the fourth quarter 2013 increased 63.2 percent to $0.31.

Adjusted net income (defined below) increased 31.5 percent to $46.0 million for the fourth quarter 2013 and adjusted diluted EPS (defined below) increased 26.2 percent to $0.53 for the same period.

Adjusted consolidated EBITDA (defined below) increased 8.5 percent to $76.0 million in the fourth quarter 2013. For full year 2013, adjusted consolidated EBITDA increased 32.4 percent to $291.9 million.

Annual Run Rate Basis (ARRB) recurring revenue, (defined below), was $665.8 million based on maintenance and software-enabled services revenue of $166.5 million for the fourth quarter of 2013. This represents an increase of 5.9 percent from the $628.7 million run-rate for the same period in 2012.

"I am pleased to announce we set records with our GAAP and adjusted revenues, EBITDA, operating cash flow, and earnings per share in 2013," said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. "We added new clients, completed the integration of the PORTIA and GlobeOp acquisitions, added Los Angeles and Luxembourg as key locations and closed our acquisition of Prime Management Limited. We were able to repay $239 million in debt and ended the year with leverage of 2.4x, which is an improvement from leverage of 4.2x at the time of our acquisition of GlobeOp in June 2012."

GAAP Results

SS&C reported GAAP revenue of $182.5 million for the fourth quarter of 2013, up 6.3 percent compared to $171.8 million in the fourth quarter of 2012. Revenue for the year ended December 31, 2013 was $712.7 million, up 29.1 percent over $551.8 million in 2012. GAAP operating income for the fourth quarter of 2013 was $47.8 million, up 11.8 percent from $42.8 million in 2012's fourth quarter. GAAP operating income for the year ended December 31, 2013 was $183.0 million, up 48.5 percent from $123.2 million for 2012. On a fully diluted GAAP basis, earnings per share in the fourth quarter of 2013 was $0.31 compared to fully diluted GAAP earnings per share of $0.19 for the fourth quarter of 2012, an increase of 63.2 percent. On a fully diluted basis, GAAP earnings per share for the year ended December 31, 2013, was $1.38, a 150.9 percent increase over 2012's $0.55 per share.

Adjusted Non-GAAP Results (defined in Notes 1-4 below)

Adjusted revenue in the fourth quarter of 2013 was $182.5 million, up 6.1 percent compared to $172.0 million in the fourth quarter of 2012. Adjusted revenue for the year ended December 31, 2013 was $712.8 million, up 28.9 percent over $552.9 million for 2012. Adjusted operating income in the fourth quarter of 2013 was $72.2 million, or 39.6 percent of adjusted revenue. This represents a 9.2 percent increase compared to adjusted operating income of $66.1 million and 38.4 percent of adjusted revenue in the fourth quarter of 2012. Adjusted operating income for the year ended December 31, 2013 was $276.9 million, up 32.0 percent from adjusted operating income of $209.8 million in 2012.

Adjusted net income for the fourth quarter of 2013 was $46.0 million, up 31.5 percent compared to $35.0 million in 2012's fourth quarter. Adjusted net income for the year ended December 31, 2013 was $169.0 million, up 43.9 percent compared to $117.4 million for 2012. Adjusted diluted earnings per share for the fourth quarter of 2013 was $0.53 per share, up 26.2 percent compared to $0.42 per share for the fourth quarter of 2012. Adjusted diluted earnings per share for the year ended December 31, 2013 was $1.97 per share, up 38.7 percent compared to $1.42 per share for 2012.

Annual Run Rate Basis

Annual Run Rate Basis (ARRB) recurring revenue, defined as the sum of maintenance and software-enabled services revenue on an annualized basis, was $665.8 million based on maintenance and software-enabled services revenue of $166.5 million for the fourth quarter of 2013. This represents an increase of 5.9 percent from the $628.7 million run-rate in the same period in 2012 and a sequential increase of 1.3 percent from the $657.2 million run rate for the third quarter of 2013. We believe ARRB of our recurring revenue is a good indicator of visibility into future revenue.

Operating Cash Flow

SS&C ended the year with $84.5 million in cash, and $782.0 million in gross debt for a net debt balance of $697.5 million. SS&C generated net cash from operating activities of $208.3 million for the year ended December 31, 2013, compared to $134.4 million for 2012, an increase of 54.9 percent.

SS&C Investment Accounting Accelerator at USI

On January 24, 2014, SS&C in collaboration with the award winning accounting program at the University of Southern Indiana announced the creation of the SS&C Investment Accounting Accelerator. "SS&C's ability to grow its Evansville, Indiana facility will be predicated on the availability of trained accountants in investments," said Mr. Stone. "Valuation and defined, sophisticated reporting requirements will be taught at the undergraduate level and enhance our ability to fulfill our recruitment goals." The USI announcement comes after SS&C announced it would expand its presence in Evansville, where the University of Southern Indiana is located, by leasing a second office facility.

Guidance

 

Q1 2014

FY 2014

Adjusted Revenue ($M)

$183.0 - $187.0

$755.0 - $775.0

Adjusted Net Income ($M)

$45.5 - $47.0

$195.0 - $204.0

Cash from Operating Activities ($M)

N/A

$220.0 - $230.0

Capital Expenditures (% of revenue)

N/A

2.3% - 2.8%

Diluted Shares (M)

87.2 - 87.4

88.0 - 88.5

Effective Income Tax Rate (%)

28%

28%