SS&C Technologies Posts $1.65B Q1 Revenue, Beats EPS, Raises Guidance
SS&C Technologies reported Q1 net income of $226.1 million, adjusted EPS of $1.69 and revenue of $1.65 billion, each topping analysts’ forecasts. The company set Q2 EPS guidance of $1.64 to $1.70 and full-year revenue outlook of $6.66 billion to $6.82 billion with EPS between $6.74 and $7.06.
1. Q1 Financial Results
SS&C Technologies reported net income of $226.1 million and net profit of $0.91 per share for the first quarter. Adjusted earnings were $1.69 per share on revenue of $1.65 billion.
2. Guidance for Future Periods
For the quarter ending June, SS&C expects EPS between $1.64 and $1.70 alongside revenue of $1.64 billion to $1.68 billion. Full-year guidance projects EPS of $6.74 to $7.06 with revenue ranging from $6.66 billion to $6.82 billion.
3. Comparison with Analyst Estimates
The adjusted EPS of $1.69 topped the analyst consensus of $1.66, and revenue of $1.65 billion surpassed the forecast of $1.63 billion.