Press release
SS&C Technologies Releases Q2 2022 Earnings Results
Q2 2022 GAAP revenue $1,328.7 million, up 5.5%, Fully Diluted GAAP Earnings Per Share $0.42, down 40.8%Adjusted revenue $1,330.0 million, up 5.5%, Adjusted
About this update from Ss&c Technologies Holdings, Inc.
[{"type":"text","content":"Q2 2022 GAAP revenue $1,328.7 million, up 5.5%, Fully Diluted GAAP Earnings Per Share $0.42, down 40.8%Adjusted revenue $1,330.0 million, up 5.5%, Adjusted Diluted Earnings Per Share $1.10, down 11.3% \nWINDSOR, Conn., July 27, 2022 /PRNewswire/ -- SS&C Technologies Holdings, Inc. (NASDAQ: SSNC), a global provider of investment, financial and healthcare software-enabled services and software, today announced its financial results for the second quarter ended June 30, 2022.\n\n \n \n \n \n \n \n\n \nThree Months Ended June 30,\nSix Months Ended June 30,\n(in millions, except per share data):\n2022\n2021\nChange\n2022\n2021\nChange\nGAAP Results\nRevenue\n$1,328.7\n$1,259.0\n5.5 %\n$2,623.7\n$2,492.4\n5.3 %\nOperating income\n245.6\n312.9\n(21.5) %\n537.4\n582.0\n(7.7) %\nOperating income margin\n18.5 %\n24.9 %\n-640 bp\n20.5 %\n23.4 %\n-290 bp\nDiluted earnings per share attributable to SS&C\n$0.42\n$0.71\n(40.8) %\n$1.06\n$1.36\n(22.1) %\nAdjusted Non-GAAP Results (defined in Notes 1 - 4 below)\nAdjusted revenue\n$1,330.0\n$1,261.0\n5.5 %\n$2,626.2\n$2,496.4\n5.2 %\nAdjusted operating income attributable to SS&C\n455.3\n495.8\n(8.2) %\n954.1\n971.6\n(1.8) %\nAdjusted operating income margin\n34.2 %\n39.3 %\n-510 bp\n36.3 %\n38.9 %\n-260 bp\nAdjusted diluted earnings per share attributable to SS&C\n$1.10\n$1.24\n(11.3) %\n$2.35\n$2.42\n(2.9) %\nSecond Quarter 2022 Highlights:\nQ2 2022 total company revenue growth was 7.7% on a constant currency basis.Q2 2022 organic growth was 2.2%, with continued strong performance from our Alternatives, Intralinks, and Advent business units.Q2 2022 financial services organic growth, excluding the healthcare business, was 4.4%, which represents 94% of our revenues.SS&C generated net cash from operating activities of $264.0 million for the three months ended June 30, 2022.Paid down $234.7 million in debt in Q2 2022.SS&C reported adjusted consolidated EBITDA attributable to SS&C of $470.8 million for Q2 2022.Completed the acquisitions of MineralWare and O'Shares.SS&C has been proactive to address the needs of our employees in response to high global inflation. This includes an additional merit increase in Q2 2022, discretionary bonuses being awarded three times annually, and restricted stock units added to our equity awards program.\"As evident in our second quarter results, SS&C is not immune to ...