Press release
SS&C Technologies Releases Q3 2021 Earnings Results
Q3 2021 GAAP revenue $1,264.4 million, up 9.7%, Fully Diluted GAAP Earnings Per Share $0.69, up 15.0% Adjusted revenue $1,266.3 million, up 9.5%, Adjusted
About this update from Ss&c Technologies Holdings, Inc.
[{"type":"text","content":"Q3 2021 GAAP revenue $1,264.4 million, up 9.7%, Fully Diluted GAAP Earnings Per Share $0.69, up 15.0%\n Adjusted revenue $1,266.3 million, up 9.5%, Adjusted Diluted Earnings Per Share $1.32, up 20.0%\n\n\nWINDSOR, Conn., Oct. 28, 2021 /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 third quarter and nine months ended September 30, 2021.\n\n \n \n \n \n \n \n\n \nThree Months Ended September 30,\nNine Months Ended September 30,\n(in millions, except per share data):\n2021\n2020\nChange\n2021\n2020\nChange\nGAAP Results\nRevenue\n$1,264.4\n$1,152.8\n9.7%\n$3,756.8\n$3,464.5\n8.4%\nOperating income\n340.1\n257.0\n32.3%\n922.1\n717.1\n28.6%\nOperating income margin\n26.9%\n22.3%\n460 bp\n24.5%\n20.7%\n380 bp\nDiluted earnings per share attributable to SS&C\n$0.69\n$0.60\n15.0%\n$2.05\n$1.61\n27.3%\nAdjusted Non-GAAP Results (defined in Notes 1 - 4 below)\nAdjusted revenue\n$1,266.3\n$1,156.2\n9.5%\n$3,762.7\n$3,475.0\n8.3%\nAdjusted operating income attributable to SS&C\n524.1\n448.8\n16.8%\n1,495.7\n1,323.1\n13.0%\nAdjusted operating income margin\n41.4%\n38.8%\n260 bp\n39.8%\n38.1%\n170 bp\nAdjusted diluted earnings per share attributable to SS&C\n$1.32\n$1.10\n20.0%\n$3.75\n$3.17\n18.3%\nThird Quarter 2021 Highlights:\nAdjusted organic revenue growth for Q3 2021 was 8.2%. SS&C reported record adjusted consolidated EBITDA attributable to SS&C of $538.9 million for the quarter, $1,541.9 million for the first nine months of 2021. Adjusted consolidated EBITDA margin increased to 42.6%, up 230 basis points from Q3 2020. Repurchased 2.1 million shares of common stock in Q3 2021 at an average price of $75.97 per share for $162.9 million. Paid down $317.8 million in debt for the first nine months in 2021, bringing consolidated net leverage ratio to 2.96x and our secured net leverage ratio to 1.97x consolidated EBITDA attributable to SS&C. In September, the vast majority of global offices re-opened and employees are attending in increasing numbers on a voluntary basis. SS&C will host a virtual analyst day on November 10th, 2021, featuring presentations from our C-suite executives, as well as several members of our senior management team. \"SS&C continues to gain momentum from the ...