Record Adjusted Revenue
SS&C Technologies reported record adjusted revenue of $1.5378 billion, marking a 5.9% increase compared to the previous period.
Strong Adjusted Earnings Per Share
Adjusted earnings per share (EPS) increased by 9.8% to $1.45.
Record Quarter for Adjusted Consolidated EBITDA
Adjusted consolidated EBITDA surpassed $600 million for the first time, increasing by 7.4% with a margin of 39%.
GlobeOp Organic Growth
GlobeOp achieved organic growth of 7.3%, driven by double-digit growth in private markets and retail alternatives.
International Strength
SS&C experienced strong performance in Europe, Australia, and the Middle East, contributing to increased international win rates.
Cash Flow Increase
Cash from operating activities was $645.1 million, up 14% year-over-year.
Share Repurchase Program
The company repurchased 3.4 million shares for $269 million and expanded the share repurchase authorization to $1.5 billion.
AI Strategy Success
SS&C's AI strategy resulted in a successful sale to an insurance conglomerate, significantly improving processing efficiency.
Acquisition of Calastone
SS&C announced a definitive agreement to acquire Calastone, expected to expand capabilities and cross-sell opportunities.