Summary of SS&C (SSNC) 2025 Conference Call Company Overview - **Company**: SS&C Technologies Holdings, Inc. (SSNC) - **Industry**: Financial Services, specifically focusing on fund administration, IT services, and healthcare technology Key Points and Arguments Business Performance and Demand - SS&C has a strong position in fund administration, being the largest provider globally, which is essential for clients regardless of macroeconomic conditions [3][4] - The company experiences macroeconomic effects primarily in transaction-oriented businesses, such as order management systems, which are influenced by market volatility [4][10] - Demand remains healthy across most markets, with a full pipeline of opportunities and a competitive edge in technology and service offerings [11][12] Revenue and Growth Insights - Organic growth for Q1 was reported at 5.1%, with recurring financials at 5.9%, while Q2 guidance is around 2.5% [20][22] - The slowdown in Q2 is attributed to seasonal factors, with expectations for stronger performance in the latter half of the year due to previously sold deals and acquisitions [22][23] - The private markets segment within fund administration is growing over 10%, indicating a robust appetite for private equity and credit [29][31] Competitive Landscape - SS&C competes with large custodian banks and smaller fintech startups, leveraging its ability to innovate rapidly compared to heavily regulated organizations [13][15] - The company is well-positioned to displace outdated systems within client organizations, as many clients are reluctant to change from long-standing internal systems [16][19] Healthcare Segment - The healthcare business is expected to show flattish to slightly positive growth, with a focus on new platforms like DomaneRx, which has processed over 200 million claims [47][48] - The healthcare segment is seen as a smaller part of SS&C's overall business but with significant growth potential [56] Margin Expansion and Efficiency - SS&C has historically achieved margin expansion and continues to identify opportunities for improvement through technology deployment [57][59] - The acquisition of Blue Prism has allowed the company to enhance operational efficiency, saving approximately 2,500 positions, which is about 10% of the workforce [58][59] M&A Activity and Future Outlook - SS&C is actively looking for acquisition opportunities that align with its growth strategy, particularly in areas that can enhance its service offerings [79] - The company has announced a stock buyback program, indicating confidence in its stock and future performance [79] Market Opportunities - SS&C sees potential in underserved markets like Australia and the Middle East, where there is a demand for sophisticated technology and services [34][43] - The company is optimistic about expanding its presence in these regions, leveraging its existing expertise and client relationships [35][39] Additional Important Insights - The competitive environment in Australia includes custodial banks and independent firms, with SS&C's combined service and technology offering being a key differentiator [42] - The healthcare technology landscape is characterized by outdated systems, providing SS&C with an opportunity to introduce modern solutions [53][55] - The company emphasizes the importance of providing high-value, mission-critical services, which are less sensitive to pricing pressures from clients [71][72]

Summary of SS&C Technologies FY Conference Call (June 04, 2025) Company Overview - **Company**: SS&C Technologies (SSNC) - **Industry**: Financial Services Software and Outsourcing Solutions - **Market Cap**: Approximately $20 billion - **Enterprise Value**: Approximately $26 billion - **Employees**: 27,000 - **Clients**: Over 22,000 across 35 countries - **Revenue**: Expected to be around $6 billion in 2025 [4][5] Core Business Insights - **Business Units**: SS&C operates six business units, with 75% of revenue generated from three main units: - **GlobeOp**: Focused on alternative assets, hedge funds, and private markets [6] - **Transfer Agency Services**: Contributes about 25% of revenue [6] - **Wealth and Investment Technology (WIT)**: Provides software licenses across various segments [7] - **Key Metrics**: - Over $4 billion in Assets Under Administration (AUA) [5] - 45 million accounts on the transfer agency platform [5] - 500 million healthcare claims processed [5] - **Revenue Retention**: Strong at 97%, indicating high client stickiness [13][22] Financial Performance - **Organic Growth**: Projected organic growth rate of approximately 4.5% for the full year [17] - **EBITDA Growth**: Grew by over 6% with margin expansion of about 30 basis points [11] - **Earnings Per Share (EPS)**: Expected growth of over 8% [12] - **Cash Flow**: Cash flow from operations increased by over 51% [12] - **Debt Management**: Leverage ratio reduced to approximately 2.7 times, nearing investment-grade territory [29] Strategic Initiatives - **Research and Development**: Continuous reinvestment in R&D to drive long-term growth [16][17] - **Mergers and Acquisitions (M&A)**: Focus on acquiring businesses that enhance organic growth and maintain price discipline [24][25] - **Capital Allocation**: Share repurchase program increased by 50%, with a new authorization of $1.5 billion [27][28] - **International Growth**: Expansion into international markets, particularly with the Insignia project in Australia [21][41] Market Dynamics and Guidance - **Market Uncertainty**: Acknowledgment of economic uncertainty but no significant slowdown in client commitments [38][39] - **Second Quarter Guidance**: Organic growth forecast of 2.5% for Q2, considered conservative [38] - **Future Outlook**: Confidence in stronger growth in the second half of the year, particularly in Q4 due to historical trends [44][45] Additional Insights - **Client Service Enhancements**: Focus on improving customer service to increase retention rates [22] - **Lift Outs**: Strategy of outsourcing and rebadging employees to enhance service efficiency [22][23] - **Pricing Strategy**: Potential to increase pricing from the traditional 1% to 1.5% as part of growth strategy [21] This summary encapsulates the key points discussed during the SS&C Technologies FY Conference Call, highlighting the company's performance, strategic initiatives, and market outlook.

SS&C (SSNC) FY Conference May 13, 2025 04:30 PM ET Speaker0 Great. Hello everyone. My name is Alexey Gogolov, and today I'm delighted to welcome at our Boston TMC conference SS and C CFO, Brian Shell, and company IR, Chand Madaca. Wonderful to see you both at our conference. And, I hope that you, Brian and Chand, are getting along well since that Broncos Chiefs game back in January. And speaking of competition, Brian, maybe you could start by elaborating a bit more on the competitive environment for each of ...

PART I. FINANCIAL INFORMATION [Item 1. Financial Statements (unaudited)](index=3&type=section&id=Item%201.%20Financial%20Statements%20(unaudited)) The unaudited condensed consolidated financial statements for the quarter ended March 31, 2025, show an increase in total assets to $20.4 billion and total equity to $6.86 billion, with net income rising to $213.0 million from $157.6 million in the prior-year period, driven by higher revenues, and strong cash flow from operations at $272.2 million Balance Sheet Highlights (in millions) | Account | March 31, 2025 | December 31, 2024 | | :--- | :--- | :--- | | **Assets** | | | | Cash and cash equivalents | $515.0 | $567.1 | | Goodwill | $9,283.9 | $9,218.1 | | Total assets | $20,404.9 | $19,044.7 | | **Liabilities & Equity** | | | | Total long-term debt | $6,837.0 | $6,989.6 | | Total liabilities | $13,545.1 | $12,435.6 | | Total equity | $6,859.8 | $6,609.1 | Income Statement Highlights (in millions, except per share data) | Metric | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Total revenues | $1,513.9 | $1,435.0 | | Gross profit | $747.1 | $707.2 | | Operating income | $357.9 | $332.9 | | Net income attributable to SS&C | $213.0 | $157.6 | | Diluted EPS | $0.84 | $0.62 | Cash Flow Summary (in millions) | Activity | Three Months Ended March 31, 2025 | Three Months Ended March 31, 2024 | | :--- | :--- | :--- | | Net cash provided by operating activities | $272.2 | $180.5 | | Net cash used in investing activities | $(63.3) | $(50.6) | | Net cash provided by (used in) financing activities | $935.3 | $(835.9) | - The company operates as a single operating and reportable segment, with the Chief Operating Decision Maker (CODM) reviewing financial information on a consolidated basis[19](index=19&type=chunk) - In February 2025, the company acquired FPS Trust Company for approximately **$6.0 million**[35](index=35&type=chunk) - Goodwill increased to **$9,283.9 million** at March 31, 2025, from **$9,218.1 million** at year-end 2024, primarily due to acquisitions and foreign currency translation effects[36](index=36&type=chunk) - During Q1 2025, the company repurchased **2.4 million shares** of common stock for approximately **$206.9 million** and paid quarterly cash dividends of **$0.25 per share**, totaling **$61.6 million**[41](index=41&type=chunk)[42](index=42&type=chunk) - The effective tax rate for Q1 2025 was **18.4%**, a significant decrease from **29.7%** in Q1 2024, primarily due to increased recognition of windfall tax benefits from stock awards and changes in the jurisdictional mix of income[53](index=53&type=chunk) Revenue Disaggregation by Source (in millions) | Revenue Source | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Software-enabled services | $1,269.9 | $1,187.7 | | Maintenance and term licenses | $213.2 | $218.8 | | Professional services | $23.9 | $23.8 | | Perpetual licenses | $6.9 | $4.7 | | **Total** | **$1,513.9** | **$1,435.0** | Revenue Disaggregation by Geography (in millions) | Geography | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | United States | $1,036.5 | $992.3 | | United Kingdom | $177.4 | $165.5 | | Europe (ex-UK), MEA | $129.6 | $115.9 | | Asia-Pacific | $85.4 | $73.3 | | Canada | $56.3 | $59.6 | | Americas (ex-US/Canada) | $28.7 | $28.4 | | **Total** | **$1,513.9** | **$1,435.0** | [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=16&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management attributes the 5.5% year-over-year revenue growth in Q1 2025 to $72.8 million in organic growth and a $13.0 million contribution from acquisitions, while operating expenses increased by 4.0%, net interest expense decreased, and the company maintained strong liquidity with $272.2 million in cash from operations and compliance with all debt covenants at a 1.57x consolidated net secured leverage ratio Revenue Change Analysis (Q1 2025 vs Q1 2024) | Component | Change (in millions) | | :--- | :--- | | Organic Revenue Growth | $72.8 | | Acquisition Contribution | $13.0 | | Foreign Currency Impact | $(6.9) | | **Total Revenue Increase** | **$78.9** | - Software-enabled services revenue grew **6.9% YoY**, driven by **$74.3 million** in organic growth and **$13.0 million** from acquisitions[62](index=62&type=chunk) - License, maintenance and related revenues decreased **1.3% YoY**, due to a **$1.5 million** decline in organic revenues and a **$1.8 million** unfavorable foreign currency impact[62](index=62&type=chunk) - Net interest expense decreased to **$105.2 million** from **$116.0 million** in the prior year, primarily due to a lower average interest rate (**6.09%** in Q1 2025 vs. **6.86%** in Q1 2024)[68](index=68&type=chunk) - The effective tax rate dropped to **18.4%** in Q1 2025 from **29.7%** in Q1 2024, mainly due to higher windfall tax benefits from stock awards and a favorable change in the geographic mix of income[71](index=71&type=chunk) - Net cash from operating activities was **$272.2 million** for Q1 2025, an increase from **$180.5 million** in Q1 2024[76](index=76&type=chunk) - Investing activities used **$63.3 million**, primarily for capitalized software (**$47.0 million**) and business acquisitions (**$6.2 million**)[77](index=77&type=chunk) - Financing activities provided **$935.3 million**, driven by a **$1.2 billion** net increase in client fund obligations and **$201.8 million** from stock option exercises, offset by debt repayments (**$155.0 million**), stock repurchases (**$206.9 million**), and dividends (**$61.6 million**)[78](index=78&type=chunk) Debt Structure at March 31, 2025 (in millions) | Debt Instrument | Amount Outstanding | | :--- | :--- | | Term B-8 Loans | $3,350.0 | | Term A-9 Loans | $790.0 | | 5.5% Senior Notes | $2,000.0 | | 6.5% Senior Notes | $750.0 | Consolidated EBITDA Reconciliation (in millions) | Line Item | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Net income | $213.2 | $158.0 | | EBITDA | $537.3 | $506.2 | | **Consolidated EBITDA** | **$592.9** | **$557.9** | - The company was in compliance with its debt covenants, reporting a maximum consolidated net secured leverage ratio of **1.57x**, significantly below the required **6.25x**[100](index=100&type=chunk) [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=28&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company is exposed to market risks from interest rates, equity prices, and foreign currency exchange rates, with a 100 basis point increase in interest rates potentially increasing annual interest expense by approximately $41.4 million on its variable-rate debt, and a 10% change in equity investments impacting net income by about $3.1 million - A **100 basis point** change in interest rates on client cash balances (average **$2.38 billion**) would impact annual net income by approximately **$11.9 million**[104](index=104&type=chunk) - On its **$4.14 billion** of variable-rate debt, a **100 basis point** increase in interest rates would increase annual interest expense by approximately **$41.4 million**[105](index=105&type=chunk) - The company has **$42.0 million** in equity investments subject to price risk; a **10%** change in their fair value would impact net income by approximately **$3.1 million**, net of tax[107](index=107&type=chunk) - Approximately **21%** of revenues in Q1 2025 were from currencies other than the USD, primarily the British pound, exposing the company to foreign currency exchange rate risk[108](index=108&type=chunk) [Item 4. Controls and Procedures](index=30&type=section&id=Item%204.%20Controls%20and%20Procedures) Management, including the CEO and CFO, evaluated the company's disclosure controls and procedures as of March 31, 2025, and concluded they were effective at a reasonable assurance level, with no material changes in internal control over financial reporting during the quarter - Based on an evaluation as of March 31, 2025, the CEO and CFO concluded that the company's disclosure controls and procedures were **effective**[110](index=110&type=chunk) - No changes occurred during the quarter ended March 31, 2025, that have materially affected, or are reasonably likely to materially affect, the company's internal control over financial reporting[111](index=111&type=chunk) PART II. OTHER INFORMATION [Item 1. Legal Proceedings](index=30&type=section&id=Item%201.%20Legal%20Proceedings) The company is involved in various legal proceedings arising from the normal course of business, and management believes that the final outcome of these proceedings will not have a material adverse effect on the company's financial condition, results of operations, or cash flows - The company states that it is not involved in any litigation or proceedings that would have a **material adverse effect** on the business[55](index=55&type=chunk)[115](index=115&type=chunk) [Item 1A. Risk Factors](index=32&type=section&id=Item%201A.%20Risk%20Factors) There have been no material changes to the risk factors previously disclosed in the company's Annual Report on Form 10-K for the year ended December 31, 2024 - No material changes to the risk factors disclosed in the 2024 Form 10-K have occurred as of the filing date of this report[116](index=116&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=32&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) During the first quarter of 2025, the company repurchased 2.4 million shares of common stock for approximately $206.9 million under its publicly announced stock repurchase program, with $338.1 million remaining available for future repurchases as of March 31, 2025 Common Stock Repurchases in Q1 2025 | Period | Total Shares Purchased (millions) | Average Price Paid per Share | Value of Shares Remaining for Purchase (millions) | | :--- | :--- | :--- | :--- | | Jan 2025 | — | $— | $545.0 | | Feb 2025 | 1.8 | $88.42 | $386.2 | | Mar 2025 | 0.6 | $83.47 | $338.1 | | **Total** | **2.4** | | | - The stock repurchase program was authorized in July 2024, allowing for the purchase of up to **$1 billion** of outstanding common stock[118](index=118&type=chunk) [Item 6. Exhibits](index=33&type=section&id=Item%206.%20Exhibits) This section lists the exhibits filed as part of the Form 10-Q, including CEO and CFO certifications (pursuant to Sarbanes-Oxley Act Sections 302 and 906) and Inline XBRL documents - The report includes required certifications from the CEO and CFO under the Sarbanes-Oxley Act of 2002[122](index=122&type=chunk)

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Q1 2025 Earnings Conference Call April 24, 2025 5:00 PM ET Company Participants Chand Madaka - Investor Relations Bill Stone - Chairman and Chief Executive Officer Rahul Kanwar - President and Chief Operating Officer Brian Schell - Chief Financial Officer Conference Call Participants Jeff Schmitt - William Blair Peter Heckmann - D.A. Davidson Companies Dan Perlin - RBC Capital Markets Surinder Thind - Jefferies Michael Infante - Morgan Stanley Andrew Schmidt - ...

Core Insights - SS&C Technologies reported revenue of $1.51 billion for Q1 2025, marking a year-over-year increase of 5.5% and exceeding the Zacks Consensus Estimate by 0.56% [1] - The company's EPS for the same quarter was $1.44, up from $1.28 a year ago, surpassing the consensus estimate of $1.41 by 2.13% [1] Revenue Performance - Adjusted revenues from software-enabled services reached $1.27 billion, exceeding the average analyst estimate of $1.24 billion, reflecting a year-over-year increase of 6.9% [4] - Revenues from license, maintenance, and related services were reported at $244 million, below the average estimate of $261.66 million, indicating a year-over-year decline of 1.3% [4] Stock Performance - SS&C Technologies' shares have returned -8.9% over the past month, compared to a -5.1% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]

Company Performance - SS&C Technologies reported quarterly earnings of $1.44 per share, exceeding the Zacks Consensus Estimate of $1.41 per share, and up from $1.28 per share a year ago, representing an earnings surprise of 2.13% [1] - The company posted revenues of $1.51 billion for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 0.56%, and an increase from $1.44 billion year-over-year [2] - Over the last four quarters, SS&C Technologies has consistently surpassed consensus EPS and revenue estimates [2] Stock Movement and Outlook - SS&C Technologies shares have increased approximately 0.8% since the beginning of the year, contrasting with the S&P 500's decline of -8.6% [3] - The future performance of the stock will largely depend on management's commentary during the earnings call and the trends in earnings estimate revisions [3][4] Earnings Estimates - The current consensus EPS estimate for the upcoming quarter is $1.42 on revenues of $1.53 billion, and for the current fiscal year, it is $5.86 on revenues of $6.2 billion [7] - The estimate revisions trend for SS&C Technologies is currently mixed, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6] Industry Context - The Computer - Software industry, to which SS&C Technologies belongs, is currently ranked in the top 34% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]

Exhibit 99.1 SS&C Technologies Releases Q1 2025 Earnings Results Q1 2025 GAAP revenue $1,513.9 million, up 5.5%, Fully Diluted GAAP Earnings Per Share $0.84, up 35.5% Adjusted revenue $1,514.8 million, up 5.5%, Adjusted Diluted Earnings Per Share $1.44, up 8.3% WINDSOR, CT, April 24, 2025 (BUSINESS WIRE) -- 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 first quar ...

Core Insights - SS&C Technologies has been selected by Aquilius Investment Partners as a fund administrator, highlighting SS&C's expanding presence in the Asia-Pacific private markets [1][2] - Aquilius aims to enhance liquidity in Asia's private capital markets and has a strong partnership approach, leveraging local knowledge and execution capabilities [2] - The partnership will enable SS&C to provide comprehensive services including administration, compliance, and treasury management to Aquilius [3] Company Overview - Aquilius, established in 2021, specializes in secondaries solutions in the Asia-Pacific region and has over US$1.4 billion in assets under management from institutional clients [4] - SS&C Technologies, founded in 1986, is a global provider of services and software for financial services and healthcare industries, serving over 22,000 organizations worldwide [5]

Core Insights - The core viewpoint of the article emphasizes that governance, process orchestration, and strategic planning are essential for successful AI implementation [1][2]. AI Adoption and Trust - 29% of respondents have adopted autonomous automation, with an additional 44% planning to implement it within the next year; however, 78% do not fully trust the technology, indicating a need for additional checks and balances [4]. Challenges in AI Implementation - The top challenge hindering AI adoption is security and compliance concerns, cited by 37% of respondents, followed by skills and expertise shortages at 35%, and integration and migration complexities also at 35% [5]. Importance of Process Orchestration - Nearly 94% of respondents highlighted the significance of process orchestration as a fundamental component of the technology stack for seamless AI management [8]. Data Management Issues - 44% of organizations reported a lack of systems to effectively handle large data sets, while 41% faced challenges with inaccurate and inconsistent data [8]. Workforce Transformation - 84% of business leaders acknowledge AI's potential to disrupt traditional practices, with around 40% of businesses actively upskilling employees for new or expanded roles [8]. Career Growth Opportunities - AI implementation is creating new career growth opportunities, with 40% of employees expecting new AI-specific jobs, 34% focusing on assisting AI adoption, and 31% engaging in more creative and strategic work [8]. Measuring AI Value - While 88% of organizations are measuring the value derived from AI, only 36% reported consistent, recognizable value from their AI implementations, indicating a need for refined adoption strategies [8].