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August 1, 2014

SS&C profits up on higher revenue, lower interest expense

Windsor financial software and services provider SS&C Technologies Holdings Inc. said its second quarter profits rose 4 percent on record revenue.

SS&C netted $27.2 million, or 31 cents per diluted share, up from $26.1 million, also 31 cents, in the second quarter of 2013.

The company booked record revenues for the ninth consecutive quarter. Revenues grew 6.3 percent, to $188.7 million. Its software-enabled services segment added $7.5 million to the sales increase, while licenses added more than $3 million in new revenue.

SS&C’s net interest expense also shrank by $5.2 million during the quarter.

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