SS&C Technologies: Q2 Earnings Snapshot

WINDSOR, Conn. (AP) — WINDSOR, Conn. (AP) — SS&C Technologies Holdings Inc. (SSNC) on Thursday reported second-quarter earnings of $190.3 million.

On a per-share basis, the Windsor, Connecticut-based company said it had net income of 75 cents. Earnings, adjusted for one-time gains and costs, were $1.27 per share.

The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.21 per share.

The financial services software maker posted revenue of $1.45 billion in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $1.44 billion.

For the current quarter ending in September, SS&C Technologies expects its per-share earnings to range from $1.21 to $1.27.

The company said it expects revenue in the range of $1.42 billion to $1.46 billion for the fiscal third quarter.

SS&C Technologies expects full-year earnings in the range of $4.98 to $5.22 per share, with revenue ranging from $5.71 billion to $5.87 billion.

_____

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