Ss&C Technologies Holdings ( (SSNC) ) has released its Q4 earnings. Here is a breakdown of the information Ss&C Technologies Holdings presented to its investors.
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SS&C Technologies Holdings, Inc. is a leading global provider of software and software-enabled services for the investment, financial, and healthcare sectors, headquartered in Windsor, Connecticut. In its latest earnings report, SS&C Technologies announced significant financial growth for the fourth quarter and full year of 2024. The company reported a GAAP revenue of $1,529.7 million for Q4, reflecting an 8.4% increase, and a record adjusted revenue of $1,530.7 million. The diluted GAAP earnings per share rose by 27.3% to $0.98, while the adjusted diluted earnings per share increased by 25.4% to $1.58. Key financial metrics highlighted include a net cash generation from operating activities of $1,388.6 million for the year, representing a 14.3% increase from 2023, and a reduction in debt by $195.0 million in Q4. The company’s strong performance was further supported by strategic share repurchases and debt reduction efforts. Looking ahead, SS&C Technologies remains optimistic about 2025, with an emphasis on enhancing capabilities, integrating offerings, and expanding geographically. The management’s outlook suggests a continuation of its strategic growth initiatives and financial prudence.
