Wed, Apr 30, 8:48 PM (15 days ago)
**SS&C Technologies Holdings, Inc. (SSNC) Q1 2025 Financial Summary** **Financial Health and Performance:** - **Revenue:** $1,513.9 million, up 5.5% YoY, driven by organic growth and acquisitions. - **Profit Margins:** Gross margin at 49.3%, operating margin at 23.0%. - **Net Income:** $213.2 million, up 34.9% YoY. - **Earnings per Share (EPS):** Basic EPS at $0.87, diluted EPS at $0.84. - **Cash Flow:** Operating cash flow at $272.2 million, up 50.9% YoY. **Key Metrics:** - **Revenue Growth:** Software-enabled services up 6.9%, license and maintenance down 1.3%. - **Operating Expenses:** Increased by 4.0%, driven by organic growth and acquisitions. - **Interest Expense:** Decreased by 9.3% due to lower average interest rates. - **Effective Tax Rate:** 18.4%, down from 29.7% YoY due to windfall tax benefits from stock awards. **Trends and Uncertainties:** - **Macroeconomic Conditions:** Inflation, interest rates, and capital market volatility may impact results. - **Foreign Exchange:** 32% of revenues from outside the U.S., with 21% in non-U.S. currencies. - **Acquisitions:** Battea and FPS Trust Company acquired, contributing to revenue growth. - **Debt:** In compliance with all financial and non-financial covenants. **Future Operations Impact:** - **Stock Repurchase:** $206.9 million spent on repurchasing 2.4 million shares. - **Dividends:** $61.6 million paid in dividends. - **Cash Position:** $4,518.6 million in cash, cash equivalents, and restricted cash. **Market Risk:** - **Interest Rate Risk:** $4,140.0 million in variable interest rate debt. - **Equity Price Risk:** $42.0 million in equity securities. - **Foreign Currency Risk:** 32% of revenues from outside the U.S. **Controls and Procedures:** - **Disclosure Controls:** Effective at the reasonable assurance level. - **Internal Control:** No changes materially affecting internal control over financial reporting. **Legal and Risk Factors:** - **Legal Proceedings:** No material adverse effects expected. - **Risk Factors:** No material changes from previous disclosures. **Summary:** SS&C Technologies Holdings, Inc. (SSNC) reported strong Q1 2025 results with significant revenue and net income growth. The company continues to invest in organic growth and acquisitions while managing macroeconomic uncertainties and market risks. The financial position remains robust with a solid cash position and compliance with debt covenants.