Record Adjusted Revenue and Growth
SS&C Technologies delivered record adjusted revenue of $1.569 billion, up 7%, and adjusted diluted earnings per share of $1.57, a 17.2% increase. Adjusted consolidated EBITDA reached a record high of $619 million, up 9.3%, with a margin of 39.5%.
Strong Performance in GlobeOp and GIDS
GlobeOp achieved a 9.6% revenue growth, while the GIDS business saw a 9% revenue growth. The GIDS business completed a large lift out in Australia and announced another in the U.S. Financial Services recurring revenue grew by 6.7%.
Increased Cash Flow and Shareholder Returns
Cash from operating activities for the first nine months increased by 22% to $1.101 billion. SS&C returned $305 million to shareholders, including $240 million in share repurchases and $65.8 million in dividends. The common stock dividend was raised by 8% to $1.08.
Strategic Acquisitions
SS&C announced the acquisition of Curo Fund Services in South Africa and completed the acquisition of Calastone, enhancing capabilities in money markets, ETFs, and digital assets.