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

$ 75.19 -0.17 (-0.23%) Market Cap: 18.62 Bil Enterprise Value: 25.31 Bil PE Ratio: 26.82 PB Ratio: 2.72 GF Score: 85/100

Q3 2024 SS&C Technologies Holdings Inc Earnings Call Transcript

Oct 24, 2024 / 09:00PM GMT

Release Date Price: $75.69 (+0.37%)

Transcript 8-K

Key Points

Positve

SS&C Technologies Holdings Inc (SSNC) reported record adjusted revenue of $1,466.8 million, up 7.3% year-over-year.
The company achieved an adjusted diluted earnings per share of $1.29, marking a 10.3% increase from the previous year.
SS&C Technologies Holdings Inc (SSNC) reported a significant increase in cash from operating activities, reaching $336.6 million, up 39% from Q3 2023.
The acquisition of Battea-Class Action services is expected to be immediately accretive to earnings, with $95 million in annual revenue and a 45%-plus EBITDA margin.
The company has successfully integrated automation efforts, reducing headcount while increasing revenue by approximately $600 million since acquiring Blue Prism in 2022.

Negative

The company anticipates a slowdown in organic revenue growth for Q4 2024, with a projected 2.4% growth at the midpoint.
There is a challenging comparison for Q4 2024 due to a strong Q4 2023, which may impact growth perceptions.
SS&C Technologies Holdings Inc (SSNC) faces potential market challenges in the healthcare sector, with ongoing merger talks and weak results from major players like Cigna and Humana.
The company is carrying a higher-than-expected cash balance, which may indicate underutilization of capital resources.
There is some uncertainty regarding the impact of large license deals and their timing, which could affect quarterly revenue projections.

Operator

Thank you for standing by. My name is John, and I'll be your conference operator for today.

At this time, I would like to welcome everyone to the SS&C Technologies third-quarter 2004 earnings call.

(Operator Instructions)

I would now like to turn the call over to Justine Stone, Head of Investor Relations.

Please go ahead.

Justine Stone

SS&C Technologies Holdings Inc - IR Contact Officer

Hi, everyone, and welcome and thank you for joining us for our Q3 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, prospects, including the financial outlook we provide constitute forward-looking statements for the purposes of Safe Harbor provisions under the Private

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