earnings
confidence high
sentiment positive
materiality 0.75
SS&C Q2 revenue up 6.5% to $1.45B; adj. EPS $1.27 beats; $1B buyback authorized
SS&C Technologies Holdings Inc
2024-Q2 EPS reported
$1.38
revenue$2,886,500,000
- GAAP revenue $1,451.5M (+6.5%); GAAP diluted EPS $0.75 (+47.1%).
- Adjusted diluted EPS $1.27 (+17.6%); adjusted EBITDA $558.9M (+11.2%); organic revenue +6.4%.
- Q2 share repurchases: 3.7M shares for $227M at avg $62.17; Board authorized new $1B repurchase program.
- Q3 guidance: adj. revenue $1,420-1,460M; adj. EPS $1.21-$1.27. FY guidance: adj. revenue $5,706-5,866M; adj. EPS $4.98-$5.22.
- Net leverage ratio 2.84x; net secured leverage 1.60x; cash $462.7M, gross debt $6,653.1M.