SS&C Technologies Holdings, Inc. Reports Q4 2024 Financial Results
Q4 2024 GAAP revenue: $1,529.7 million, up 8.4%; Fully Diluted GAAP Earnings Per Share: $0.98, up 27.3%
Record Adjusted revenue: $1,530.7 million, up 8.4%; Adjusted Diluted Earnings Per Share: $1.58, up 25.4%
Financial Overview
WINDSOR, Conn., Feb. 6, 2025 /PRNewswire/ -- SS&C Technologies Holdings, Inc. (NASDAQ: SSNC), a global provider of investment, financial and healthcare software and software-enabled services, today announced its financial results for the fourth quarter and full year ended December 31, 2024.
Three Months Ended December 31:
Twelve Months Ended December 31:
2024 |
2023 |
Change |
2024 |
2023 |
Change |
GAAP Results |
Revenue |
$1,529.7 |
$1,411.6 |
8.4% |
$5,882.0 |
Operating income |
$357.9 |
$334.2 |
7.1% |
$1,343.5 |
Diluted earnings per share |
$0.98 |
$0.77 |
27.3% |
$3.00 |
Adjusted Non-GAAP Results
Adjusted Revenue |
$1,530.7 |
$1,412.3 |
8.4% |
$5,885.7 |
Adjusted Diluted EPS |
$1.58 |
$1.26 |
25.4% |
$5.41 |
Management Commentary
"SS&C ended 2024 with 7.0% Q4 organic revenue growth and record adjusted consolidated EBITDA of $599 million," says Bill Stone, Chairman and Chief Executive Officer. "We continue to add to our capabilities, integrate our offerings, and unlock cross-sell benefits. Our wins—including lift-outs, geographic expansion, the Battea and FPS Trust acquisitions—span across the world and excite us about 2025."
Operating Cash Flow
SS&C generated net cash from operating activities of $1,388.6 million for the twelve months ended December 31, 2024, compared to $1,215.1 million for the same period in 2023, a 14.3% increase.
Guidance
Q1 2025
Adjusted Revenue ($M): $1,474.0 – $1,514.0
FY 2025
Adjusted Revenue ($M): $6,085.0 – $6,245.0
About SS&C Technologies
SS&C is a global provider of services and software for the financial services and healthcare industries. Founded in 1986, SS&C is headquartered in Windsor, Connecticut, and has offices around the world. More than 22,000 financial services and healthcare organizations, from the world's largest companies to small and mid-market firms, rely on SS&C for expertise, scale, and technology.
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