67 WALL STREET, New York - November 8, 2013 - The Wall Street Transcript has just published its Business and Application Software Report offering a timely review of the sector to serious investors and industry executives. This special feature contains expert industry commentary through in-depth interviews with public company CEOs and Equity Analysts. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.
Topics covered: Cloud Computing Secular Trends - International Enterprise and Consumer Demand - Application Software Consolidation Activity - Cloud Computing and SaaS Trends - Health Care Transition to ICD-10
Companies include: SS&C Technologies (SSNC) and many more.
In the following excerpt from the Business and Application Software Report, the Chairman and CEO of SS&C Technologies (SSNC) discusses company strategy and the outlook for this vital industry:
TWST: Last quarter you delivered record revenue. To what factors do you attribute that increase, and are they growth drivers you expect to remain in place?
Mr. Stone: We did a little over $177 million in Q2. We gained some big mandates throughout the year to date and have been ramping up since 2011 and 2012. As these large mandates start coming onboard, you start seeing larger and larger revenue hitting our financial statements. We also announced we won Ares Management, a very large private equity manager based in Los Angeles, in the second quarter. That was a very great deal for us.
As far as being able to say whether or not those drivers will stay in place, I believe they will. We're going to win large mandates, we are going to focus on our technologies, bring different, proprietary solutions to the industry than what our competitors can deliver. We have about 700 programmers and information technology professionals, and we believe combining that with the large services organization of CPAs, chartered accountants and CFAs can produce lots of world-class software, is very attractive.
TWST: Can you tell us a little bit about your product and service offerings, and in which of your product categories do you currently see the best opportunities for growth, and what are the drivers of that growth?
Mr. Stone: We think our product suite, consisting of about 60 products and services ranging from trading systems through portfolio management, middle office, collateral management, valuations, compliance, regulatory solutions, reporting and reconciliation solutions, is what the market is demanding, and the demand is to be able to solve these business problems in a reasonable fashion with as little heartburn as possible.
The market also demands that...
For more of this interview and many others visit the Wall Street Transcript - a unique service for investors and industry researchers - providing fresh commentary and insight through verbatim interviews with CEOs, portfolio managers and research analysts. This special issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.