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SS&C Technologies Holdings Inc (SSNC) Q1 2021 Earnings Call Transcript
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SS&C Technologies Releases Q1 2021 Earnings Results
Q1 2021 GAAP revenue $1,233.4 million, up 5.1%, Fully Diluted GAAP Earnings Per Share $0.65, up 75.7%
Adjusted revenue $1,235.4 million, up 4.9%, Adjusted Diluted Earnings Per Share $1.18, up 14.6%
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WINDSOR, Conn., April 26, 2021 /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 first quarter and full year ended March 31, 2021.
(in millions, except per share data):
Three Months Ended
Adjusted revenue
$1.18
First Quarter 2021 Highlights:
SS&C generated net cash from operating activities of $185.7 million for the three months ended March 31, 2021, up 25.7 percent from the same period in 2020.
SS&C GlobeOp s Capital Movement Index rose 0.33% in April 2021, reflecting net flows into hedge funds. The gain compares favorably to the 0.05% increase reported for the same period a year ago and, in fact, is the largest net inflow for any calendar month of April since 2007, said
Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. This strong result suggests the positive trends in hedge fund asset growth and retention since the COVID-19 outbreak is still intact.
SS&C GlobeOp Hedge Fund Performance Index
The SS&C GlobeOp Hedge Fund Performance Index is an asset-weighted, independent monthly window on hedge fund performance. On the ninth business day of each month it provides a flash estimate of the gross aggregate performance of funds for which SS&C GlobeOp provides monthly administration services on the SS&C GlobeOp platform. Interim and final values, both gross and net, are provided in each of the two following months, respectively. Online data can be segm
SS&C Offers to Acquire Mainstream Group
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WINDSOR, Conn., April 12, 2021 /PRNewswire/ SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced that it has entered into a conditional Scheme Implementation Deed with Mainstream Group Holdings Limited (ASX: MAI, Mainstream ). SS&C proposes to acquire 100% of the shares and outstanding equity rights in Mainstream at a price of A$2.00 per security pursuant to a scheme of arrangement.
Mainstream is a provider of investment administration, middle office, fund accounting, superannuation administration, share registry and unit registry (transfer agency) services to leading fund managers and superannuation funds, family offices and dealer groups. The company serves clients globally through its offices in Australia, Hong Kong, Singapore, Ireland, Malta, Isle of Man, the Cayman Islands and the U.S.
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