Press release
SS&C Technologies Releases Q4 and Full Year 2019 Earnings
Q4 2019 GAAP revenue $1,203.5 million, up 8.3 percent, Fully Diluted GAAP Earnings Per Share $0.54, up 134.8% Adjusted revenue $1,212.2 million, up 7.0
About this update from Ss&c Technologies Holdings, Inc.
[{"type":"text","content":"Q4 2019 GAAP revenue $1,203.5 million, up 8.3 percent, Fully Diluted GAAP Earnings Per Share $0.54, up 134.8%\n Adjusted revenue $1,212.2 million, up 7.0 percent, Adjusted Diluted Earnings Per Share $1.08, up 13.7 percent\n\n\nWINDSOR, Conn., Feb. 12, 2020 /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 fourth quarter and full year ended December 31, 2019.\n\n \n \n\n \nGAAP Results\nSS&C reported GAAP revenue of $1,203.5 million for the fourth quarter of 2019, up 8.3 percent compared to $1,111.0 million in the fourth quarter of 2018. GAAP revenue for the year ended December 31, 2019 was $4,632.9 million, increasing 35.4 percent from $3,421.1 million in 2018. GAAP operating income for the fourth quarter of 2019 was $261.3 million, or 21.7 percent of GAAP revenue, compared to GAAP operating income of $212.4 million, or 19.1 percent of GAAP revenue, in 2018's fourth quarter. GAAP operating income for the year ended December 31, 2019 was $914.4 million, or 19.7 percent of GAAP revenue, compared to $429.1 million, or 12.5 percent of GAAP revenue for 2018, up 113.1 percent.\nGAAP net income for the fourth quarter of 2019 was $141.6 million compared to GAAP net income of $58.7 million in 2018's fourth quarter, up 141.2%. GAAP net income for the year ended December 31, 2019 was $438.5 million, up 324.9 percent compared to $103.2 million in 2018. On a fully diluted GAAP basis, earnings per share in the fourth quarter of 2019 were $0.54 per share compared to earnings per share of $0.23 on a fully diluted GAAP basis in the fourth quarter of 2018, up 134.8%. On a fully diluted GAAP basis, earnings per share for the year ended December 31, 2019 were $1.66, up 295.2 percent from 2018's $0.42 per share.\nAdjusted Non-GAAP Results (defined in Notes 1-4 below)\nAdjusted revenue was $1,212.2 million for the fourth quarter of 2019, up 7.0 percent compared to $1,132.8 million in the fourth quarter of 2018. Adjusted revenue for the year ended December 31, 2019 was $4,668.8 million, increasing 34.2 percent from $3,478.7 million in 2018. Adjusted operating income for the fourth quarter of 2019 was $470.0 million, or 38.8 percent of adjusted revenue, compared to $421.5 million, or 37.2 percen...