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SS&C Technologies: 1Q Earnings Snapshot

WINDSOR, Conn. (AP) _ SS&C Technologies Holdings Inc. (SSNC) on Thursday reported first-quarter profit of $99.2 million.

On a per-share basis, the Windsor, Connecticut-based company said it had net income of 37 cents. Earnings, adjusted for one-time gains and costs, were $1.03 per share.

The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 95 cents per share.

The financial services software maker posted revenue of $1.17 billion in the period. Its adjusted revenue was $1.18 billion, which also topped Street forecasts. Five analysts surveyed by Zacks expected $1.17 billion.

SS&C Technologies shares have decreased 10% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $55.16, a decrease of 18% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SSNC at https://www.zacks.com/ap/SSNC