SS&C Technologies Holdings, Inc.

SS&C Technologies Holdings, Inc. delivered a disappointing set of results as the company was unable to meet the revenue and earnings expectations of Wall Street. The company achieved a significant adjusted revenue of $1,366.7 million, marking a 3.4% increase, and reported adjusted diluted earnings per share of $1.17. SS&C reached its second-highest adjusted consolidated EBITDA in company history at $533.9 million, with an EBITDA margin of 39.1%, reflecting a substantial 230 basis point increase from Q2 ’23. This remarkable success was driven by a 2.3% increase in third-quarter adjusted organic revenue, with particular strength in Private Markets, Intralinks, Retirement, and Blue Prism. In addition to its financial achievements, SS&C demonstrated its commitment to shareholders by generating $826.7 million from operating activities. The company also made substantial progress in its Blue Prism digital worker deployment, realizing significant cost savings and operational efficiency in various business segments. These achievements highlight SS&C’s commitment to value creation and ongoing innovation. Besides these, their acquisition of the MFA business from Iress Limited marks significant progress towards their services in Australia and provides solutions to meet the demands of this expanding market.