Processing Your Payment

Please do not leave this page until complete. This can take a few moments.

November 1, 2019

SS&C’s 3Q profits jump on higher sales

By Matt Pilon

Windsor-based SS&C Technologies Holdings said its third-quarter profits were up 67 percent, thanks to a combination of higher revenue and lower estimated income taxes.

SS&C, which provides financial software and services, reported net income of $95 million, or 36 cents per diluted share, for the three months ended Sept. 30, up from $57 million, or 23 cents, in the third quarter of 2018.

Software-enabled services saw the largest revenue increase, growing from $827.3 million to $960 million.

SS&C has closed on several acquisitions since the year-ago quarter, including Eze Software for $1.45 billion and Intralinks for $1.5 billion.

In September, SS&C disclosed it had acquisitions pending, including Investrack and Algorithmics.

Sign up for Enews

Most Recent

Most Recent

Related Content

Windsor’s SS&C beats 2Q profits expectations, calls antitrust lawsuits ‘outliers’
Serial fintech acquirer SS&C Technologies draws legal blowback from $2.6B purchase
Windsor's SS&C wins $44M trade-secret lawsuit
SS&C’s 1Q profits climb 58% on deal revenue

0 Comments

Order a PDF