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SS&C Technologies meets 1Q profit forecasts

WINDSOR, Conn. (AP) _ SS&C Technologies Holdings Inc. (SSNC) on Thursday reported first-quarter earnings of $48.1 million.

The Windsor, Connecticut-based company said it had net income of 23 cents per share. Earnings, adjusted for one-time gains and costs, were 44 cents per share.

The results met Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was also for earnings of 44 cents per share.

The financial services software maker posted revenue of $407.7 million in the period, beating Street forecasts. Five analysts surveyed by Zacks expected $405.7 million.

SS&C Technologies shares have climbed 32 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $37.65, a rise of 21 percent 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


Keywords: SS&C Technologies, Earnings Report