Press release
SS&C Technologies Releases Q4 and Full Year 2022 Earnings Results
Q4 2022 GAAP revenue $1,338.3 million, up 3.4%, Fully Diluted GAAP Earnings Per Share $0.81, down 13.8% Adjusted revenue $1,339.1 million, up 3.3%, Adjusted
About this update from Ss&c Technologies Holdings, Inc.
[{"type":"text","content":"Q4 2022 GAAP revenue $1,338.3 million, up 3.4%, Fully Diluted GAAP Earnings Per Share $0.81, down 13.8%\nAdjusted revenue $1,339.1 million, up 3.3%, Adjusted Diluted Earnings Per Share $1.16, down 9.4%\nWINDSOR, Conn., Feb. 7, 2023 /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, 2022.\n\n \n \n \n \n \n \n\n \nThree Months Ended December 31,\nTwelve Months Ended December 31,\n(in millions, except per share data):\n2022\n2021\nChange\n2022\n2021\nChange\nGAAP Results\nRevenue\n$1,338.3\n$1,294.2\n3.4 %\n$5,283.0\n$5,051.0\n4.6 %\nOperating income\n301.3\n320.2\n(5.9) %\n1,142.9\n1,242.3\n(8.0) %\nOperating income margin\n22.5 %\n24.7 %\n-220 bp\n21.6 %\n24.6 %\n-300 bp\nDiluted earnings per share attributable to SS&C\n$0.81\n$0.94\n(13.8) %\n$2.48\n$2.99\n(17.1) %\nAdjusted Non-GAAP Results (defined in Notes 1 - 4 below)\nAdjusted revenue\n$1,339.1\n$1,296.2\n3.3 %\n$5,287.3\n$5,058.9\n4.5 %\nAdjusted operating income attributable to SS&C\n502.1\n507.5\n(1.1) %\n1,942.3\n2,003.2\n(3.0) %\nAdjusted operating income margin\n37.5 %\n39.2 %\n-170 bp\n36.7 %\n39.6 %\n-290 bp\nAdjusted diluted earnings per share attributable to SS&C\n$1.16\n$1.28\n(9.4) %\n$4.65\n$5.02\n(7.4) %\n \nFourth Quarter and Full Year 2022 Highlights:\nSS&C generated net cash from operating activities of $369.7 million for the three months ended December 31, 2022, and $1,134.3 million for the twelve months ended December 31, 2022.Q4 2022 we bought back 1.8 million shares for $90.7 million, at an average price of $50.14 per share.We paid down $166.2 million in debt in Q4 2022, bringing our net leverage ratio to 3.40 times consolidated EBITDA attributable to SS&C.SS&C reported GAAP net income attributable to SS&C of $207.5 million and adjusted consolidated EBITDA attributable to SS&C of $518.6 million for Q4 2022.GAAP net income margin for Q4 2022 was 15.5%. Adjusted consolidated EBITDA margin for Q4 2022 was 38.7%, a 70 basis point increase from Q3 2022.Completed the acquisition of Complete Financial Ops, Inc., expanding our fund administration capabilities in servicing venture capital and family office funds.\"SS&C finished out 2022 in line with our expec...