SS&C Technologies Holdings Inc (NAS:SSNC)
$ 72.69 -4.74 (-6.12%) Market Cap: 17.91 Bil Enterprise Value: 25.77 Bil PE Ratio: 22.57 PB Ratio: 2.64 GF Score: 83/100

Q4 2024 SS&C Technologies Holdings Inc Earnings Call Transcript

Feb 06, 2025 / 10:00PM GMT
Release Date Price: $81.8 (-0.02%)

Key Points

Positve
  • SS&C Technologies Holdings Inc (SSNC) reported record adjusted revenue of $1.531 billion for Q4 2024, marking an 8.4% increase.
  • The company achieved a record adjusted diluted earnings per share of $1.58, up 25.4% from the previous year.
  • Adjusted consolidated EBITDA reached $599.1 million, with a margin of 39.1%, indicating strong profitability.
  • The company experienced significant growth in its GlobeOp, Wealth and Investment Technologies, and Global Investor Distribution Services businesses.
  • SS&C Technologies Holdings Inc (SSNC) completed a strategic agreement with Insignia Financial, expanding its presence in the Australian superannuation market.
Negative
  • Core expenses increased by 8.3%, driven by higher incentive compensation, commissions, and wages.
  • The company faces challenges in projecting short-term revenue in the Healthcare sector due to the deliberate purchasing behavior of large healthcare clients.
  • SS&C Technologies Holdings Inc (SSNC) has a high net debt of $6.6 billion, which could impact financial flexibility.
  • The company anticipates a lower organic revenue growth rate of 4% for Q1 2025, compared to the 7% achieved in Q4 2024.
  • There is uncertainty regarding the impact of potential regulatory changes in Europe on SS&C Technologies Holdings Inc (SSNC)'s regulatory and filing business.
Operator

Good afternoon. My name is John and I will be your conference operator today.

At this time, I would like to welcome everyone to the SS&C Technologies' fourth-quarter and full-year 2024 earnings call. (Operator Instructions). Thank you.

I would now like to turn the call over to [Chant Modaka] of Investor Relations. You may now begin your conference.

Unidentified Company Representative

Welcome and thank you for joining us at our Q4 and full-year 2024 earnings call.

I'm [Chant Modaka], Investor Relations at SS&C Technologies. With me, today, is Bill Stone, Chairman and Chief Executive Officer; Rahul Kanwar, President and Chief Operating Officer; and Brian Schell, our Chief Financial Officer.

Before we get started, we need to review the Safe Harbor statement. Please note that various remarks we make today about future expectations, plans, and prospects, including the financial outlook we provide, constitute forward-looking statements for purposes of the Safe Harbor provisions under the Private Securities Litigation Reform Act of

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