SS&C Technologies: Q1 Earnings Snapshot
April 26, 2021
FacebookTwitterEmail
WINDSOR, Conn. (AP) SS&C Technologies Holdings Inc. (SSNC) on Monday reported first-quarter profit of $174.9 million.
The Windsor, Connecticut-based company said it had profit of 65 cents per share. Earnings, adjusted for one-time gains and costs, were $1.18 per share.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.10 per share.
The financial services software maker posted revenue of $1.23 billion in the period. Its adjusted revenue was $1.24 billion, also beating Street forecasts. Six analysts surveyed by Zacks expected $1.19 billion.
For the current quarter ending in July, SS&C Technologies expects its per-share earnings to range from $1.10 to $1.16.
World Bank lifts sanctions on SNC-Lavalin ahead of schedule Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account
Getting audio file . This translation has been automatically generated and has not been verified for accuracy. Full Disclaimer
Paul Chiasson/The Canadian Press
The World Bank has given SNC-Lavalin Group Inc. an early reprieve on a decade-long ban for corruption tied to contracts in Bangladesh and Cambodia, a potential boost for the Canadian engineering giant as it tries to rebuild its reputation after years of crisis.
The global lender ended its sanction on SNC-Lavalin and some 100 affiliates after the engineering company served eight years of a 10-year ban imposed in April, 2013, Montreal-based SNC confirmed in a statement early Tuesday morning. At the time, the bank said it was the longest ban that has ever been agreed to in its settlements.