SS&C Technologies Holdings Inc (LTS:0L1G)

$ 75.36 0.68 (0.91%) Market Cap: 18.67 Bil Enterprise Value: 25.35 Bil PE Ratio: 26.80 PB Ratio: 2.71 GF Score: 85/100

Q2 2024 SS&C Technologies Holdings Inc Earnings Call Transcript

Jul 25, 2024 / 09:00PM GMT

Release Date Price: $68.46 (+1.41%)

Transcript 10-Q8-K

Key Points

Positve

Record adjusted revenue of $1.452.4 billion, up 6.5%, and $20 million ahead of forecast.
Adjusted diluted earnings per share increased by 17.6% to $1.27.
Strong cash flow from operations at $385 million, up 16.8% from Q2 '23.
Highest share buyback in company history with 3.7 million shares repurchased for $227 million.
Positive outlook with raised full-year revenue guidance and continued focus on organic revenue growth.

Negative

Q4 organic growth expected to step down due to tougher comps from Q4 '23.
Elevated valuations in the M&A market, making acquisitions less attractive.
Some revenue acceleration driven by seasonality and accelerated license revenue, which may not be sustainable.
Increased core expenses by 3.3%, excluding acquisitions and on a constant currency basis.
Potential headwinds in the GIDS business, with no repeat of Q2 strength expected in Q3 or Q4.

Operator

(Operator Instructions) Ladies and gentlemen, thank you for standing by, and welcome to the SS&C Technologies Q2 2024 earnings call. (Operator Instructions)

I will now hand today's call over to Justine Stone, Head of Investor Relations. Please go ahead.

Justine Stone

SS&C Technologies Holdings Inc - Investor Relations

Welcome, everybody, and thank you for joining us for our Q2 2024 earnings call. I'm Justine Stone, Investor Relations for SS&C Technologies. With me today is Bill Stone, Chairman and Chief Executive Officer; Rahul Kanwar, President and Chief Operating Officer; and Brian Schell, our Chief Financial Officer.

Before we get started, we need to review the Safe Harbor statement. Please note that various remarks we make today about future expectations, plans, and prospects, including the financial outlook we provide, constitute forward-looking statements for the purposes of the Safe Harbor provisions under the Private Security Litigation Reform Act of 1995.

Actual results may differ materially from those

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