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

SS&C Technologies (NASDAQ: SSNC) reported Q3 EPS of $0.50, in-line with the analyst estimate of $0.50. Revenue for the quarter came in at $419.6 million versus the consensus estimate of $424.14 million.

Highlights:

• Adjusted diluted earnings per share were $0.50 for Q3 2017, increasing 19.0 percent from Q3 2016\'s $0.42 adjusted diluted earnings per share.
• For the nine months of 2017, net cash provided by operating activities was $307.1 million, an increase of 29.6 percent.
• Adjusted consolidated EBITDA increased 14.2 percent to $178.8 million in Q3 2017. Adjusted consolidated EBITDA margin was 42.6 percent for the quarter.
• SS&C paid off $292.8 million of debt in the nine months of 2017, bringing our net debt to consolidated EBITDA leverage ratio to 3.19x.

GUIDANCE:

SS&C Technologies sees FY2017 revenue of $1.67-1.68 million, versus the consensus of $1.68 million.

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

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