April 28, 2017

Windsor SS&C's 1Q sales, net surge

HBJ file photo
HBJ file photo
SS&C Chairman and CEO Bill Stone.

SS&C Technologies Holdings Inc. saw first-quarter revenue and net income surge for the Windsor vendor of investment and financial software-enabled services and software.

For three months ended March 31, SS&C said Friday it netted $48.1 million, or 23 cents a diluted share, up nearly seven-fold from the $7 million, or 3 cents a diluted share, netted the same quarter a year ago.

First quarter revenue climbed 26 percent to $407.7 million vs. $324.1 million a year earlier.

"SS&C had a strong start to 2017,'' Chairman and CEO Bill Stone said in a statement. "Our businesses continue to perform, and hedge fund asset flow indicators suggest renewed confidence."

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