- SS&C Technologies (SSNC, Financial) reported a 5.5% increase in Q1 2025 GAAP revenue to $1,513.9 million.
- The company's adjusted diluted earnings per share rose 8.3% to $1.44.
- Operating cash flow surged by 50.8%, reaching $272.2 million.
SS&C Technologies Holdings, Inc. (SSNC), a global leader in investment, financial, and healthcare software services, released its financial results for the first quarter ending March 31, 2025. The company reported a significant rise in revenues and net income, marking a robust start to the fiscal year.
The company's GAAP revenue for Q1 2025 increased by 5.5% to $1,513.9 million, up from $1,435.0 million in the same period last year. Similarly, adjusted revenue also saw a 5.5% increase, totaling $1,514.8 million. The rise in revenue is attributed to the company's strategic enhancements in investment and service capabilities to meet global client needs.
SS&C's net income attributable to the company soared by 35.2% to $213.0 million, compared to the previous year's $157.6 million. The growth in net income translated into a notable increase in earnings per share, with diluted GAAP earnings per share rising by 35.5% to $0.84.
Adjusted diluted earnings per share reached $1.44, showing an 8.3% improvement compared to Q1 2024's $1.33. The company's operating income also witnessed a healthy growth of 7.5%, reaching $357.9 million, with an operating income margin of 23.6%.
SS&C's cash flow from operating activities showed a substantial increase of 50.8%, totaling $272.2 million, up from $180.5 million in the same quarter last year. The company also reported a reduction in debt, paying down $155.0 million during the quarter, which improved its net leverage ratio to 2.74 times consolidated EBITDA.
In terms of strategic actions, SS&C repurchased 2.4 million shares for $206.9 million at an average price of $87.21 per share. Additionally, the company welcomed Francesco Vanni d’Archirafi to its Board of Directors, enhancing its leadership team.
Moving forward, SS&C is optimistic about its growth prospects for 2025, as it integrates AI and Quantum technologies into its offerings. This strategic move is expected to drive transformational growth in the financial services and healthcare sectors, where SS&C is well-positioned to capitalize on emerging opportunities.
