SS&C Technologies (SSNC) Reports In-Line Q2 EPS, Slight Beat on Revenues; Offers Q3 & FY17 Revenue Guidance

SS&C Technologies (NASDAQ: SSNC) reported Q2 EPS of $0.46, in-line with the analyst estimate of $0.46. Revenue for the quarter came in at $414.1 million versus the consensus estimate of $413.27 million.

Highlights:

• SS&C adjusted revenue for Q2 2017 was $414.1 million, up 7.7 percent from Q2 2016 adjusted revenue of $384.4 million.
• Adjusted diluted earnings per share were $0.46 for Q2 2017, increasing 17.9 percent from Q2 2016\'s $0.39 adjusted diluted earnings per share.
• For the first six months of 2017, net cash provided by operating activities was $193.8 million, an increase of 39.1 percent.
• SS&C paid off $208.4 million of debt for the first six months of 2017, bringing our net debt to consolidated EBITDA leverage ratio to 3.45x.

GUIDANCE:

SS&C Technologies sees Q3 2017 revenue of $1.669-1.689 billion, versus the consensus of $1.68 billion.

For earnings history and earnings-related data on SS&C Technologies (SSNC) click here.

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